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

iShares International Equity Factor ETF (NYSEARCA:INTF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 85,496 shares, a drop of 37.8% from the April 30th total of 137,447 shares. Based on an average daily volume of 425,106 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

iShares International Equity Factor ETF Price Performance

NYSEARCA:INTF traded up $0.26 during mid-day trading on Thursday, reaching $41.59. The stock had a trading volume of 23,403 shares, compared to its average volume of 274,582. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 14.00 and a beta of 0.75. iShares International Equity Factor ETF has a 1-year low of $32.75 and a 1-year high of $41.97. The stock’s 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $39.44.

Institutional Investors Weigh In On iShares International Equity Factor ETF

Institutional investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID boosted its holdings in iShares International Equity Factor ETF by 1,981.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 791 shares of the company’s stock worth $31,000 after purchasing an additional 753 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of iShares International Equity Factor ETF during the first quarter worth $32,000. Russell Investments Group Ltd. acquired a new stake in shares of iShares International Equity Factor ETF during the second quarter worth $28,000. Arax Advisory Partners bought a new position in shares of iShares International Equity Factor ETF in the 4th quarter worth about $34,000. Finally, Maseco LLP bought a new position in shares of iShares International Equity Factor ETF in the 4th quarter worth about $53,000.

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.