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

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 35,842 shares, a decrease of 65.7% from the February 26th total of 104,514 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 262,866 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 262,866 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

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

Shares of SMLF traded up $0.65 during midday trading on Wednesday, hitting $76.14. The stock had a trading volume of 9,213 shares, compared to its average volume of 315,930. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 17.17 and a beta of 1.10. The company has a 50 day simple moving average of $78.02 and a two-hundred day simple moving average of $75.95. iShares U.S. Small Cap Equity Factor ETF has a twelve month low of $53.39 and a twelve month high of $80.72.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SMLF. Abound Wealth Management bought a new stake in iShares U.S. Small Cap Equity Factor ETF in the 4th quarter valued at approximately $27,000. IFP Advisors Inc boosted its position in iShares U.S. Small Cap Equity Factor ETF by 509.9% during the 4th quarter. IFP Advisors Inc now owns 433 shares of the company’s stock worth $32,000 after acquiring an additional 362 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth approximately $33,000. Harbour Investments Inc. grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 319.9% during the 4th quarter. Harbour Investments Inc. now owns 928 shares of the company’s stock worth $69,000 after acquiring an additional 707 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 450.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,030 shares of the company’s stock valued at $77,000 after purchasing an additional 843 shares during the last quarter.

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.