iShares US Small Cap Value Factor ETF (BATS:SVAL) Sees Large Increase in Short Interest

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 29,563 shares, an increase of 99.0% from the May 14th total of 14,855 shares. Based on an average trading volume of 10,692 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Trading of iShares US Small Cap Value Factor ETF

Several institutional investors have recently made changes to their positions in SVAL. Royal Bank of Canada grew its stake in shares of iShares US Small Cap Value Factor ETF by 19.4% in the 1st quarter. Royal Bank of Canada now owns 13,819 shares of the company’s stock worth $415,000 after acquiring an additional 2,248 shares in the last quarter. Bank of America Corp DE grew its position in iShares US Small Cap Value Factor ETF by 28.5% during the second quarter. Bank of America Corp DE now owns 152,447 shares of the company’s stock valued at $4,734,000 after buying an additional 33,852 shares during the period. Tower Research Capital LLC TRC grew its position in iShares US Small Cap Value Factor ETF by 73.8% during the second quarter. Tower Research Capital LLC TRC now owns 18,385 shares of the company’s stock valued at $571,000 after buying an additional 7,805 shares during the period. Insigneo Advisory Services LLC bought a new position in iShares US Small Cap Value Factor ETF during the third quarter valued at about $266,000. Finally, Orion Porfolio Solutions LLC bought a new position in iShares US Small Cap Value Factor ETF during the third quarter valued at about $286,000.

iShares US Small Cap Value Factor ETF Price Performance

BATS SVAL opened at $40.86 on Tuesday. iShares US Small Cap Value Factor ETF has a 1 year low of $29.82 and a 1 year high of $41.68. The firm has a market cap of $173.66 million, a price-to-earnings ratio of 12.43 and a beta of 1.05. The company has a fifty day moving average price of $39.17 and a 200-day moving average price of $37.20.

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.