iShares Global Equity Factor ETF (NYSEARCA:GLOF) Sees Large Increase in Short Interest

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 49,913 shares, a growth of 824.8% from the September 15th total of 5,397 shares. Based on an average daily trading volume, of 25,219 shares, the short-interest ratio is presently 2.0 days. Currently, 1.5% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. Sankala Group LLC bought a new position in shares of iShares Global Equity Factor ETF in the 4th quarter worth $64,000. Whittier Trust Co. of Nevada Inc. grew its position in iShares Global Equity Factor ETF by 55.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock valued at $124,000 after purchasing an additional 831 shares during the period. Compass Financial Management LLC acquired a new stake in iShares Global Equity Factor ETF in the 2nd quarter valued at $131,000. Fifth Third Bancorp acquired a new stake in iShares Global Equity Factor ETF in the 1st quarter valued at $133,000. Finally, Integrated Wealth Concepts LLC bought a new stake in iShares Global Equity Factor ETF during the 2nd quarter valued at $166,000.

iShares Global Equity Factor ETF Stock Performance

GLOF stock opened at $61.41 on Monday. The stock’s 50 day simple moving average is $61.03 and its 200 day simple moving average is $58.69. iShares Global Equity Factor ETF has a fifty-two week low of $50.37 and a fifty-two week high of $61.94. The company has a market cap of $202.65 million, a P/E ratio of 17.48 and a beta of 0.91.

About iShares Global Equity Factor ETF

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.