Short Interest in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Decreases By 99.7%

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAVGet Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 2,817 shares, a decrease of 99.7% from the April 30th total of 1,001,917 shares. Based on an average trading volume of 481,680 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI EAFE Min Vol Factor ETF

Several hedge funds have recently made changes to their positions in EFAV. Jane Street Group LLC acquired a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF during the second quarter worth about $22,963,000. Morgan Stanley boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 2,310,102 shares of the company’s stock worth $199,246,000 after buying an additional 190,252 shares during the period. Vestcor Inc boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 452.1% during the fourth quarter. Vestcor Inc now owns 230,175 shares of the company’s stock worth $19,853,000 after buying an additional 188,483 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 32.6% during the second quarter. Ameriprise Financial Inc. now owns 767,283 shares of the company’s stock worth $64,520,000 after buying an additional 188,461 shares during the period. Finally, Purpose Unlimited Inc. acquired a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF during the fourth quarter worth about $13,985,000.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

Shares of EFAV opened at $90.87 on Friday. iShares MSCI EAFE Min Vol Factor ETF has a fifty-two week low of $81.66 and a fifty-two week high of $95.13. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The firm has a 50-day simple moving average of $91.43 and a 200-day simple moving average of $89.56.

About iShares MSCI EAFE Min Vol Factor ETF

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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.

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