Short Interest in iShares Focused Value Factor ETF (NYSEARCA:FOVL) Declines By 92.0%

iShares Focused Value Factor ETF (NYSEARCA:FOVL) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 600 shares, a decrease of 92.0% from the June 30th total of 7,500 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares Focused Value Factor ETF

Several institutional investors have recently modified their holdings of FOVL. Ameritas Advisory Services LLC acquired a new position in iShares Focused Value Factor ETF in the second quarter valued at $51,000. Raymond James Financial Inc. purchased a new position in shares of iShares Focused Value Factor ETF during the fourth quarter worth about $220,000. Cetera Investment Advisers acquired a new position in iShares Focused Value Factor ETF in the 4th quarter valued at about $247,000. Commonwealth Equity Services LLC raised its stake in iShares Focused Value Factor ETF by 4.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,128 shares of the company’s stock valued at $289,000 after acquiring an additional 157 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in iShares Focused Value Factor ETF by 14.6% during the 1st quarter. Arkadios Wealth Advisors now owns 4,308 shares of the company’s stock worth $300,000 after acquiring an additional 548 shares during the period.

iShares Focused Value Factor ETF Stock Performance

FOVL stock opened at $72.69 on Wednesday. The company’s 50 day moving average price is $71.40 and its 200 day moving average price is $70.33. The firm has a market capitalization of $25.44 million, a price-to-earnings ratio of 13.05 and a beta of 1.13. iShares Focused Value Factor ETF has a fifty-two week low of $59.89 and a fifty-two week high of $76.26.

About iShares Focused Value Factor ETF

The iShares Focused Value Factor ETF (FOVL) is an exchange-traded fund that is based on the Focused Value Select index. The fund tracks a tier-weighted index of US listed equities selected using a variety of value factors. FOVL was launched on Mar 19, 2019 and is managed by BlackRock.