iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Short Interest Down 72.8% in August

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 18,166 shares, a drop of 72.8% from the August 15th total of 66,808 shares. Based on an average daily volume of 356,813 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EFAV. Wealth Watch Advisors INC purchased a new stake in iShares MSCI EAFE Min Vol Factor ETF during the third quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in iShares MSCI EAFE Min Vol Factor ETF by 203.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 379 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the period. CoreCap Advisors LLC boosted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 94.6% during the second quarter. CoreCap Advisors LLC now owns 502 shares of the company’s stock worth $44,000 after acquiring an additional 244 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in iShares MSCI EAFE Min Vol Factor ETF in the 1st quarter worth $53,000. Finally, Keenan LLC purchased a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF in the fourth quarter worth about $65,000.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

Shares of BATS:EFAV opened at $93.98 on Monday. iShares MSCI EAFE Min Vol Factor ETF has a 1-year low of $83.36 and a 1-year high of $95.34. The business has a fifty day moving average price of $92.63 and a 200-day moving average price of $91.42. The company has a market capitalization of $6.14 billion, a PE ratio of 16.91 and a beta of 0.57.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.