iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Sees Large Growth in Short Interest

by · The Markets Daily

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 109,740 shares, an increase of 163.1% from the June 30th total of 41,710 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 402,149 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On iShares MSCI EAFE Min Vol Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in iShares MSCI EAFE Min Vol Factor ETF during the 2nd quarter worth $22,963,000. Morgan Stanley increased its holdings in iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 2,310,102 shares of the company’s stock worth $199,246,000 after purchasing an additional 190,252 shares during the last quarter. Vestcor Inc raised its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 452.1% in the 4th quarter. Vestcor Inc now owns 230,175 shares of the company’s stock valued at $19,853,000 after purchasing an additional 188,483 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 in the last quarter. Finally, Purpose Unlimited Inc. acquired a new stake in iShares MSCI EAFE Min Vol Factor ETF in the fourth quarter valued at $13,985,000.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

Shares of iShares MSCI EAFE Min Vol Factor ETF stock opened at $90.96 on Monday. The business’s fifty day moving average price is $89.64 and its 200 day moving average price is $90.49. iShares MSCI EAFE Min Vol Factor ETF has a twelve month low of $81.66 and a twelve month high of $95.13. The stock has a market capitalization of $5.94 billion, a P/E ratio of 16.91 and a beta of 0.57.

iShares MSCI EAFE Min Vol Factor ETF Company Profile

(Get Free Report)

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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