iShares International Equity Factor ETF (NYSEARCA:INTF) Sees Significant Decrease in Short Interest

iShares International Equity Factor ETF (NYSEARCA:INTF) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 214,648 shares, a drop of 57.6% from the June 30th total of 506,230 shares. Based on an average daily volume of 318,869 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares International Equity Factor ETF

Several hedge funds have recently added to or reduced their stakes in the business. Legacy Wealth Managment LLC ID grew its holdings in iShares International Equity Factor ETF by 1,981.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 791 shares of the company’s stock worth $31,000 after acquiring an additional 753 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of iShares International Equity Factor ETF during the first quarter valued at $32,000. Russell Investments Group Ltd. bought a new position in shares of iShares International Equity Factor ETF during the second quarter valued at $28,000. Arax Advisory Partners bought a new position in shares of iShares International Equity Factor ETF during the fourth quarter valued at $34,000. Finally, Maseco LLP acquired a new position in shares of iShares International Equity Factor ETF during the fourth quarter worth $53,000.

iShares International Equity Factor ETF Stock Performance

NYSEARCA:INTF opened at $41.22 on Monday. The stock’s 50-day moving average is $41.19 and its 200-day moving average is $40.45. iShares International Equity Factor ETF has a 1-year low of $33.53 and a 1-year high of $41.97. The stock has a market cap of $3.56 billion, a P/E ratio of 14.00 and a beta of 0.74.

About iShares International Equity Factor ETF

The iShares International Equity Factor ETF (INTF) is an exchange-traded fund that is based on the STOXX International Equity Factor index. The fund tracks an index of large- and mid-cap equities in developed markets outside the US. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. INTF was launched on Apr 28, 2015 and is managed by BlackRock.