iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Shares Shorted: Short Interest Down 46.2% in October

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 337 shares, a drop of 46.2% from the September 30th total of 626 shares. Based on an average daily volume of 11,408 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% in the 2nd 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. Oarsman Capital Inc. bought a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the 2nd quarter worth approximately $112,000. Advisors Preferred LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter valued at approximately $157,000. Continuum Advisory LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the second quarter valued at approximately $235,000. Finally, Community Bank & Trust Waco Texas acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the second quarter valued at approximately $601,000.

iShares MSCI USA Small-Cap Min Vol Factor ETF Price Performance

Shares of BATS SMMV opened at $46.77 on Monday. The stock has a market cap of $355.45 million, a P/E ratio of 18.24 and a beta of 0.69. The firm’s 50-day simple moving average is $46.10 and its 200 day simple moving average is $45.44. iShares MSCI USA Small-Cap Min Vol Factor ETF has a fifty-two week low of $41.67 and a fifty-two week high of $47.98.

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.