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

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

Institutional Trading of iShares U.S. Small Cap Equity Factor ETF

A number of large investors have recently made changes to their positions in the company. Advance Capital Management Inc. purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the first quarter worth approximately $116,691,000. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 36.7% in the 2nd 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $57,270,000 after purchasing an additional 307,021 shares in the last quarter. Madison Wealth Partners Inc purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 4th quarter worth $22,746,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 4th quarter worth $22,271,000.

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

SMLF stock traded down $1.12 during mid-day trading on Tuesday, reaching $86.61. The company had a trading volume of 702,671 shares, compared to its average volume of 219,379. The firm has a fifty day simple moving average of $88.05 and a 200 day simple moving average of $83.26. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08. 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.

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.