iShares MSCI Emerging Markets Value Factor ETF (BATS:EVLU) Sees Large Growth in Short Interest

iShares MSCI Emerging Markets Value Factor ETF (BATS:EVLU) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,439 shares, an increase of 105.9% from the April 30th total of 3,128 shares. Based on an average daily volume of 2,547 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.1% of the company’s stock are short sold.

iShares MSCI Emerging Markets Value Factor ETF Stock Performance

EVLU stock opened at $42.27 on Monday. iShares MSCI Emerging Markets Value Factor ETF has a twelve month low of $26.04 and a twelve month high of $42.38. The company’s 50 day moving average is $36.95 and its two-hundred day moving average is $34.87. The stock has a market cap of $12.68 million and a P/E ratio of 9.08.

iShares MSCI Emerging Markets Value Factor ETF Company Profile

The iShares MSCI Emerging Markets Value Factor ETF (EVLU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from emerging markets, selected for their high value scores. The portfolio is market cap-weighted with tilts based on their value and quality scores derived from fundamental metrics. EVLU was launched on Sep 4, 2024 and is issued by BlackRock.