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

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 49,357 shares, a decline of 63.9% from the June 30th total of 136,565 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 209,059 shares, the days-to-cover ratio is presently 0.2 days.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.2%

Shares of SMLF traded up $0.15 on Tuesday, hitting $86.74. 103,101 shares of the stock traded hands, compared to its average volume of 229,362. The firm has a market capitalization of $4.11 billion, a P/E ratio of 17.17 and a beta of 1.07. The stock’s 50 day moving average is $86.43 and its two-hundred day moving average is $81.57. iShares U.S. Small Cap Equity Factor ETF has a 1 year low of $67.43 and a 1 year high of $89.74.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advance Capital Management Inc. acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the first quarter worth $116,691,000. Ameriprise Financial Inc. lifted its position in iShares U.S. Small Cap Equity Factor ETF by 36.7% during the second 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 period. Bank of America Corp DE boosted its stake in 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 worth $57,270,000 after buying an additional 307,021 shares during the last quarter. Madison Wealth Partners Inc acquired a new stake in iShares U.S. Small Cap Equity Factor ETF in the 4th quarter worth about $22,746,000. Finally, Thrivent Financial for Lutherans acquired a new stake in iShares U.S. Small Cap Equity Factor ETF in the 4th quarter worth about $22,271,000.

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.