Short Interest in iShares MSCI USA Value Factor ETF (BATS:VLUE) Drops By 42.0%

iShares MSCI USA Value Factor ETF (BATS:VLUE) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 268,589 shares, a decline of 42.0% from the May 14th total of 463,385 shares. Based on an average daily volume of 865,798 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

iShares MSCI USA Value Factor ETF Stock Performance

Shares of VLUE opened at $198.38 on Friday. The stock has a fifty day moving average price of $175.13 and a two-hundred day moving average price of $154.36. iShares MSCI USA Value Factor ETF has a 52-week low of $108.90 and a 52-week high of $204.35. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 13.34 and a beta of 0.97.

Hedge Funds Weigh In On iShares MSCI USA Value Factor ETF

Institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. bought a new position in iShares MSCI USA Value Factor ETF in the 1st quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in iShares MSCI USA Value Factor ETF in the 4th quarter valued at $33,000. Western Wealth Management LLC bought a new position in iShares MSCI USA Value Factor ETF in the 1st quarter valued at $41,000. Smartleaf Asset Management LLC raised its position in iShares MSCI USA Value Factor ETF by 69.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 325 shares of the company’s stock valued at $37,000 after purchasing an additional 133 shares during the last quarter. Finally, SHP Wealth Management bought a new position in iShares MSCI USA Value Factor ETF in the 4th quarter valued at $46,000.

About iShares MSCI USA Value Factor ETF

The iShares MSCI USA Value Factor ETF (VLUE) is an exchange-traded fund that is based on the MSCI USA Enhanced Value index. The fund tracks an index of large- and mid-cap US equities. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value and cash earnings), aiming for exposure to undervalued stocks in each sector. VLUE was launched on Apr 16, 2013 and is managed by BlackRock.