iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Short Interest Down 40.2% in June

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,116 shares, a decrease of 40.2% from the June 15th total of 1,867 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 16,951 shares, the days-to-cover ratio is presently 0.1 days.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Down 0.1%

Shares of iShares MSCI USA Small-Cap Min Vol Factor ETF stock opened at $46.34 on Thursday. iShares MSCI USA Small-Cap Min Vol Factor ETF has a 52 week low of $41.02 and a 52 week high of $46.77. The firm’s 50 day moving average is $45.00 and its two-hundred day moving average is $44.72. The firm has a market capitalization of $352.18 million, a P/E ratio of 18.24 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC lifted its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% in the second quarter. CoreCap Advisors LLC now owns 1,371 shares of the company’s stock valued at $63,000 after acquiring an additional 852 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the fourth quarter worth about $75,000. Advisors Preferred LLC purchased a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter worth about $157,000. Advisory Services Network LLC increased its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% during the fourth quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock worth $1,544,000 after purchasing an additional 9,224 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after purchasing an additional 21,534 shares during the last quarter.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints. SMMV was launched on Sep 7, 2016 and is managed by BlackRock.