iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Short Interest Jumps 162.9%

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 18,873 shares, a growth of 162.9% from the October 15th total of 7,179 shares. Based on an average trading volume of 15,619 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

Hedge funds have recently made changes to their positions in the stock. Money Concepts Capital Corp purchased a new stake in shares of iShares US Small Cap Value Factor ETF during the 3rd quarter valued at $68,045,000. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of iShares US Small Cap Value Factor ETF during the 3rd quarter worth $2,489,000. Bank of America Corp DE raised its position in shares of iShares US Small Cap Value Factor ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock worth $5,708,000 after buying an additional 29,540 shares during the period. Apeiron RIA LLC raised its position in shares of iShares US Small Cap Value Factor ETF by 83.7% in the 3rd quarter. Apeiron RIA LLC now owns 44,588 shares of the company’s stock worth $1,860,000 after buying an additional 20,317 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in iShares US Small Cap Value Factor ETF by 50.5% in the second quarter. Citadel Advisors LLC now owns 41,747 shares of the company’s stock valued at $1,744,000 after acquiring an additional 14,006 shares during the last quarter.

iShares US Small Cap Value Factor ETF Stock Performance

iShares US Small Cap Value Factor ETF stock opened at $42.38 on Friday. iShares US Small Cap Value Factor ETF has a 1 year low of $31.96 and a 1 year high of $44.28. The firm has a 50 day moving average price of $42.49 and a 200 day moving average price of $40.40. The company has a market cap of $161.04 million, a price-to-earnings ratio of 12.96 and a beta of 0.95.

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.