Short Interest in iShares Global Equity Factor ETF (NYSEARCA:GLOF) Decreases By 51.2%

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 8,371 shares, a decline of 51.2% from the June 30th total of 17,159 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 12,070 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ignite Planners LLC boosted its holdings in shares of iShares Global Equity Factor ETF by 35.1% during the 4th quarter. Ignite Planners LLC now owns 82,038 shares of the company’s stock valued at $4,452,000 after acquiring an additional 21,333 shares in the last quarter. Hsbc Holdings PLC acquired a new position in iShares Global Equity Factor ETF in the 4th quarter worth about $1,372,000. Waverly Advisors LLC raised its position in iShares Global Equity Factor ETF by 12.1% in the first quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock valued at $13,436,000 after purchasing an additional 27,743 shares during the last quarter. WBH Advisory Inc. bought a new position in iShares Global Equity Factor ETF in the first quarter valued at about $310,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of iShares Global Equity Factor ETF by 55.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock valued at $124,000 after purchasing an additional 831 shares in the last quarter.

iShares Global Equity Factor ETF Stock Performance

Shares of iShares Global Equity Factor ETF stock traded up $0.04 during midday trading on Tuesday, hitting $58.52. 4,023 shares of the company traded hands, compared to its average volume of 17,373. The stock has a market cap of $213.60 million, a price-to-earnings ratio of 17.48 and a beta of 0.91. The firm’s fifty day moving average price is $58.81 and its 200-day moving average price is $56.13. iShares Global Equity Factor ETF has a 12 month low of $48.08 and a 12 month high of $60.31.

iShares Global Equity Factor ETF Company Profile

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.