Short Interest in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Declines By 59.4%

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 69,009 shares, a decline of 59.4% from the November 30th total of 169,885 shares. Based on an average daily volume of 183,563 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 183,563 shares, the days-to-cover ratio is currently 0.4 days.

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

NYSEARCA SMLF traded down $0.04 during trading on Friday, reaching $76.36. 64,930 shares of the company’s stock were exchanged, compared to its average volume of 192,620. The company has a 50 day moving average price of $74.60 and a two-hundred day moving average price of $72.35. The stock has a market cap of $2.65 billion, a P/E ratio of 17.17 and a beta of 1.10. iShares U.S. Small Cap Equity Factor ETF has a 1 year low of $53.39 and a 1 year high of $77.68.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the second quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in iShares U.S. Small Cap Equity Factor ETF during the third quarter worth about $33,000. GPS Wealth Strategies Group LLC raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 1,120.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 708 shares of the company’s stock valued at $48,000 after buying an additional 650 shares during the period. Sunbelt Securities Inc. boosted its position in iShares U.S. Small Cap Equity Factor ETF by 1,946.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,146 shares of the company’s stock worth $85,000 after purchasing an additional 1,090 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the third quarter valued at about $96,000.

iShares U.S. Small Cap Equity Factor ETF Company Profile

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.