iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 205,692 shares, a decline of 83.6% from the September 30th total of 1,251,518 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,746,039 shares, the days-to-cover ratio is presently 0.1 days.
iShares MSCI Intl Quality Factor ETF Stock Performance
Shares of IQLT traded up $0.33 during midday trading on Thursday, hitting $50.66. 1,167,642 shares of the company traded hands, compared to its average volume of 1,791,443. The firm has a 50 day moving average of $50.48 and a 200-day moving average of $49.09. iShares MSCI Intl Quality Factor ETF has a 52 week low of $43.18 and a 52 week high of $52.36. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 18.86 and a beta of 0.82.
Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF
Several institutional investors have recently modified their holdings of the stock. Woodmont Investment Counsel LLC acquired a new position in shares of iShares MSCI Intl Quality Factor ETF during the third quarter worth $2,182,000. Bell Investment Advisors Inc boosted its position in shares of iShares MSCI Intl Quality Factor ETF by 3.8% in the 3rd quarter. Bell Investment Advisors Inc now owns 197,403 shares of the company’s stock valued at $9,766,000 after purchasing an additional 7,267 shares during the period. Vise Technologies Inc. purchased a new position in shares of iShares MSCI Intl Quality Factor ETF during the third quarter worth approximately $814,000. Modera Wealth Management LLC acquired a new position in iShares MSCI Intl Quality Factor ETF in the third quarter valued at $276,000. Finally, D.A. Davidson & CO. purchased a new stake in iShares MSCI Intl Quality Factor ETF during the 3rd quarter valued at approximately $5,104,000.
iShares MSCI Intl Quality Factor ETF Company Profile
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.
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