iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sees Large Decrease in Short Interest

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 49,357 shares, a decrease of 63.9% from the June 30th total of 136,565 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 209,059 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares U.S. Small Cap Equity Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advance Capital Management Inc. purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the first quarter worth $116,691,000. Ameriprise Financial Inc. boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 36.7% during the second quarter. Ameriprise Financial Inc. now owns 1,568,204 shares of the company’s stock valued at $106,565,000 after purchasing an additional 421,138 shares during the period. Bank of America Corp DE increased its stake in iShares U.S. Small Cap Equity Factor ETF by 66.3% in the 3rd quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock worth $57,270,000 after buying an additional 307,021 shares during the period. Madison Wealth Partners Inc bought a new stake in iShares U.S. Small Cap Equity Factor ETF during the 4th quarter valued at about $22,746,000. Finally, Thrivent Financial for Lutherans bought a new stake in iShares U.S. Small Cap Equity Factor ETF during the 4th quarter valued at about $22,271,000.

iShares U.S. Small Cap Equity Factor ETF Price Performance

iShares U.S. Small Cap Equity Factor ETF stock opened at $86.74 on Wednesday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 17.17 and a beta of 1.07. iShares U.S. Small Cap Equity Factor ETF has a 1-year low of $67.43 and a 1-year high of $89.74. The company’s 50-day moving average is $86.43 and its 200 day moving average is $81.57.

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.