iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sees Large 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 the month of August. As of August 14th, there was short interest totaling 143,473 shares, a decrease of 33.1% from the July 30th total of 214,540 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 132,651 shares, the days-to-cover ratio is currently 1.1 days.

iShares U.S. Small Cap Equity Factor ETF Trading Up 0.9%

Shares of SMLF opened at $87.37 on Thursday. iShares U.S. Small Cap Equity Factor ETF has a 12 month low of $70.00 and a 12 month high of $90.74. The company has a market capitalization of $4.15 billion, a PE ratio of 17.17 and a beta of 1.08. The stock’s 50-day moving average price is $88.06 and its two-hundred day moving average price is $83.38.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Services Inc. grew its stake in iShares U.S. Small Cap Equity Factor ETF by 1.8% in the fourth quarter. Strategic Financial Services Inc. now owns 3,810,840 shares of the company’s stock valued at $302,962,000 after acquiring an additional 65,743 shares during the period. Wells Fargo & Company MN raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,328,943 shares of the company’s stock worth $174,391,000 after purchasing an additional 135,653 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock worth $135,774,000 after purchasing an additional 257,905 shares during the period. Advance Capital Management Inc. bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 1st quarter worth $116,691,000. Finally, LPL Financial LLC lifted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 17.6% in the 4th quarter. LPL Financial LLC now owns 1,388,541 shares of the company’s stock worth $103,974,000 after purchasing an additional 207,319 shares in 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.