iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Short Interest Update

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 143,473 shares, a drop of 33.1% from the July 30th total of 214,540 shares. Based on an average trading volume of 132,651 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.8%

NYSEARCA SMLF traded up $0.72 during trading on Wednesday, reaching $87.33. 10,782 shares of the stock traded hands, compared to its average volume of 218,116. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $70.00 and a fifty-two week high of $90.74. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08. The stock’s 50-day moving average price is $88.05 and its 200 day moving average price is $83.31.

Hedge Funds Weigh In On iShares U.S. Small Cap Equity Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Financial Services Inc. raised its stake in iShares U.S. Small Cap Equity Factor ETF by 1.8% during the 4th quarter. Strategic Financial Services Inc. now owns 3,810,840 shares of the company’s stock worth $302,962,000 after buying an additional 65,743 shares during the period. Wells Fargo & Company MN increased its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,328,943 shares of the company’s stock worth $174,391,000 after acquiring an additional 135,653 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock worth $135,774,000 after acquiring an additional 257,905 shares in the last quarter. Advance Capital Management Inc. bought a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the first quarter worth about $116,691,000. Finally, LPL Financial LLC raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 17.6% during the fourth quarter. LPL Financial LLC now owns 1,388,541 shares of the company’s stock worth $103,974,000 after purchasing an additional 207,319 shares during the period.

About iShares U.S. Small Cap Equity Factor ETF

The iShares MSCI USA Small-Cap Multifactor ETF (SMLF) is an exchange-traded fund that is based on the STOXX U.S. SmallCap Equity Factor index. The fund tracks an index of small-cap US equities. Stocks are selected and weighted to increase exposure to four factors (quality, value, momentum, and low volatility). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.