iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Large Decline in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,460,290 shares, a decline of 39.9% from the April 30th total of 2,430,042 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,518,722 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of iShares MSCI Intl Quality Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the company. IRON Financial LLC grew its position in iShares MSCI Intl Quality Factor ETF by 1.2% in the first quarter. IRON Financial LLC now owns 17,668 shares of the company’s stock valued at $817,000 after acquiring an additional 215 shares during the period. Chicago Partners Investment Group LLC grew its position in iShares MSCI Intl Quality Factor ETF by 0.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 48,517 shares of the company’s stock valued at $2,302,000 after acquiring an additional 224 shares during the period. Cherry Tree Wealth Management LLC grew its position in iShares MSCI Intl Quality Factor ETF by 5.3% in the third quarter. Cherry Tree Wealth Management LLC now owns 4,657 shares of the company’s stock valued at $206,000 after acquiring an additional 233 shares during the period. Assetmark Inc. grew its position in iShares MSCI Intl Quality Factor ETF by 2.2% in the third quarter. Assetmark Inc. now owns 10,694 shares of the company’s stock valued at $473,000 after acquiring an additional 235 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in iShares MSCI Intl Quality Factor ETF by 1.3% in the first quarter. Geneos Wealth Management Inc. now owns 19,104 shares of the company’s stock valued at $883,000 after acquiring an additional 250 shares during the period.

iShares MSCI Intl Quality Factor ETF Trading Down 0.7%

IQLT opened at $49.03 on Tuesday. The stock has a market cap of $12.92 billion, a PE ratio of 18.86 and a beta of 0.84. iShares MSCI Intl Quality Factor ETF has a 1 year low of $41.20 and a 1 year high of $50.00. The stock’s 50 day simple moving average is $48.20 and its 200-day simple moving average is $47.13.

iShares MSCI Intl Quality Factor ETF Company Profile

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.