Short Interest in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Declines By 15.6%

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 53,358 shares, a decrease of 15.6% from the January 29th total of 63,198 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 231,953 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 231,953 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.7%

NYSEARCA:SMLF traded up $0.57 during trading hours on Wednesday, hitting $78.71. 113,783 shares of the company’s stock traded hands, compared to its average volume of 345,807. The firm has a market cap of $3.32 billion, a P/E ratio of 17.17 and a beta of 1.10. iShares U.S. Small Cap Equity Factor ETF has a 52 week low of $53.39 and a 52 week high of $80.72. The business’s fifty day simple moving average is $78.37 and its two-hundred day simple moving average is $75.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SMLF. Valmark Advisers Inc. boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 186.0% during the third quarter. Valmark Advisers Inc. now owns 1,061,478 shares of the company’s stock worth $78,921,000 after purchasing an additional 690,272 shares during the period. HighTower Advisors LLC lifted its holdings in iShares U.S. Small Cap Equity Factor ETF by 3,218.4% in the 3rd quarter. HighTower Advisors LLC now owns 504,897 shares of the company’s stock worth $37,540,000 after buying an additional 489,682 shares during the period. Ameriprise Financial Inc. grew its position 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 worth $106,565,000 after buying an additional 421,138 shares during the last quarter. River Wealth Advisors LLC bought a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the 2nd quarter worth approximately $22,334,000. Finally, Bank of America Corp DE increased its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 66.3% during the third quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock valued at $57,270,000 after buying an additional 307,021 shares during the period.

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.