iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Sees Significant Decrease in Short Interest

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 672 shares, a decline of 39.8% from the June 30th total of 1,116 shares. Based on an average daily volume of 8,114 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its position in shares of 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 purchasing an additional 852 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter worth $75,000. Advisors Preferred LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter worth $157,000. Advisory Services Network LLC grew its stake 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. increased its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% in the second quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after buying an additional 21,534 shares during the last quarter.

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

Shares of BATS SMMV opened at $47.29 on Thursday. The company has a market cap of $359.40 million, a price-to-earnings ratio of 18.24 and a beta of 0.69. The stock’s 50-day moving average is $45.49 and its two-hundred day moving average is $44.95. iShares MSCI USA Small-Cap Min Vol Factor ETF has a 1-year low of $41.02 and a 1-year high of $47.56.

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.