iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Short Interest Up 75.4% in June

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,013,117 shares, a growth of 75.4% from the May 31st total of 1,718,213 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 1,161,662 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

A number of hedge funds have recently made changes to their positions in IQLT. Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI Intl Quality Factor ETF by 4.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock valued at $2,513,936,000 after buying an additional 2,269,023 shares during the period. Bank of America Corp DE raised its position in iShares MSCI Intl Quality Factor ETF by 6.6% in the third quarter. Bank of America Corp DE now owns 26,613,791 shares of the company’s stock worth $1,176,063,000 after acquiring an additional 1,638,924 shares during the period. Richard Bernstein Advisors LLC raised its position in iShares MSCI Intl Quality Factor ETF by 21.0% in the fourth quarter. Richard Bernstein Advisors LLC now owns 12,750,445 shares of the company’s stock worth $579,508,000 after acquiring an additional 2,216,790 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares MSCI Intl Quality Factor ETF by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock valued at $402,190,000 after acquiring an additional 1,107,638 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of iShares MSCI Intl Quality Factor ETF by 6.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,839,909 shares of the company’s stock valued at $316,209,000 after acquiring an additional 395,337 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Performance

IQLT stock opened at $49.60 on Friday. The stock’s fifty day simple moving average is $49.09 and its two-hundred day simple moving average is $47.86. iShares MSCI Intl Quality Factor ETF has a 1-year low of $41.20 and a 1-year high of $50.08. The stock has a market cap of $13.66 billion, a P/E ratio of 18.86 and a beta of 0.83.

About iShares MSCI Intl Quality Factor ETF

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.