Short Interest in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Declines By 86.9%

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 52,992 shares, a decrease of 86.9% from the February 26th total of 405,510 shares. Based on an average daily volume of 2,476,109 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,476,109 shares, the short-interest ratio is presently 0.0 days.

iShares MSCI Intl Quality Factor ETF Stock Down 0.4%

IQLT traded down $0.17 during midday trading on Tuesday, reaching $45.41. 1,963,069 shares of the company’s stock were exchanged, compared to its average volume of 2,624,774. The business has a 50-day simple moving average of $47.65 and a two-hundred day simple moving average of $45.81. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a one year low of $35.51 and a one year high of $49.91.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares MSCI Intl Quality Factor ETF by 1,299.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock worth $1,463,382,000 after purchasing an additional 31,439,365 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares MSCI Intl Quality Factor ETF by 19.6% during the 2nd quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock valued at $1,079,414,000 after purchasing an additional 4,094,153 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in iShares MSCI Intl Quality Factor ETF by 84.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,444,572 shares of the company’s stock valued at $292,906,000 after buying an additional 2,956,717 shares in the last quarter. Richard Bernstein Advisors LLC boosted its position in iShares MSCI Intl Quality Factor ETF by 21.0% in the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock valued at $579,508,000 after buying an additional 2,216,790 shares in the last quarter. Finally, OpenArc Corporate Advisory LLC bought a new stake in iShares MSCI Intl Quality Factor ETF during the fourth quarter worth about $90,603,000.

About iShares MSCI Intl Quality Factor ETF

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.