iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Short Interest Jumps 162.9%

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 18,873 shares, a growth of 162.9% from the October 15th total of 7,179 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 15,619 shares, the short-interest ratio is presently 1.2 days.

iShares US Small Cap Value Factor ETF Stock Performance

Shares of BATS SVAL opened at $42.38 on Friday. The firm has a market cap of $161.04 million, a P/E ratio of 12.96 and a beta of 0.95. iShares US Small Cap Value Factor ETF has a 1 year low of $31.96 and a 1 year high of $44.28. The firm’s 50 day moving average price is $42.49 and its 200 day moving average price is $40.40.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Money Concepts Capital Corp acquired a new stake in shares of iShares US Small Cap Value Factor ETF during the third quarter worth $68,045,000. Bank of America Corp DE lifted its position in iShares US Small Cap Value Factor ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock worth $5,708,000 after buying an additional 29,540 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new position in iShares US Small Cap Value Factor ETF during the third quarter worth about $2,489,000. Apeiron RIA LLC lifted its position in iShares US Small Cap Value Factor ETF by 83.7% during the third quarter. Apeiron RIA LLC now owns 44,588 shares of the company’s stock worth $1,860,000 after buying an additional 20,317 shares during the period. Finally, Citadel Advisors LLC boosted its stake in iShares US Small Cap Value Factor ETF by 50.5% in the 2nd quarter. Citadel Advisors LLC now owns 41,747 shares of the company’s stock worth $1,744,000 after buying an additional 14,006 shares during the last quarter.

iShares US Small Cap Value Factor ETF Company Profile

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.