iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Short Interest Drops 71.6%

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,179 shares, a decrease of 71.6% from the September 30th total of 25,301 shares. Based on an average daily trading volume, of 24,749 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares US Small Cap Value Factor ETF Stock Up 0.9%

Shares of SVAL opened at $43.64 on Friday. The firm has a market cap of $185.47 million, a price-to-earnings ratio of 12.43 and a beta of 1.05. iShares US Small Cap Value Factor ETF has a 12 month low of $31.96 and a 12 month high of $44.28. The company’s fifty day moving average is $42.63 and its 200-day moving average is $40.09.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp bought a new stake in shares of iShares US Small Cap Value Factor ETF during the 1st quarter worth $98,939,000. B.A. Schrock Wealth Management Inc. bought a new position in iShares US Small Cap Value Factor ETF in the 3rd quarter worth $2,489,000. Apeiron RIA LLC acquired a new position in iShares US Small Cap Value Factor ETF during the 1st quarter worth $1,082,000. Bank of America Corp DE lifted its position in iShares US Small Cap Value Factor ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock worth $5,708,000 after acquiring an additional 29,540 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in iShares US Small Cap Value Factor ETF by 50.5% during the 2nd quarter. Citadel Advisors LLC now owns 41,747 shares of the company’s stock worth $1,744,000 after acquiring an additional 14,006 shares during the last quarter.

About iShares US Small Cap Value Factor ETF

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.