iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Sees Significant Decrease in Short Interest

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 672 shares, a decline of 39.8% from the June 30th total of 1,116 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,114 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% during the second quarter. CoreCap Advisors LLC now owns 1,371 shares of the company’s stock worth $63,000 after purchasing an additional 852 shares during the period. Advisory Services Network LLC increased its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% during the 4th quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock worth $1,544,000 after buying an additional 9,224 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock worth $8,708,000 after buying an additional 21,534 shares in the last quarter. Advisors Preferred LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 1st quarter worth approximately $157,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter worth approximately $75,000.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Down 0.4%

SMMV opened at $47.29 on Thursday. iShares MSCI USA Small-Cap Min Vol Factor ETF has a 52 week low of $41.02 and a 52 week high of $47.56. The business has a fifty day simple moving average of $45.49 and a 200-day simple moving average of $44.95. The firm has a market cap of $359.40 million, a P/E ratio of 18.24 and a beta of 0.69.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints. SMMV was launched on Sep 7, 2016 and is managed by BlackRock.