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

iShares MSCI Emerging Markets Value Factor ETF (BATS:EVLU) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,271 shares, a decline of 57.5% from the May 31st total of 12,410 shares. Based on an average trading volume of 2,986 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.8% of the shares of the company are sold short.

iShares MSCI Emerging Markets Value Factor ETF Price Performance

Shares of EVLU opened at $40.89 on Wednesday. The stock has a market capitalization of $12.27 million and a PE ratio of 9.08. The business’s fifty day moving average price is $40.23 and its 200 day moving average price is $36.28. iShares MSCI Emerging Markets Value Factor ETF has a 12-month low of $27.44 and a 12-month high of $43.97.

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.