iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sees Significant Decrease in Short Interest

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

iShares U.S. Small Cap Equity Factor ETF Stock Performance

Shares of NYSEARCA:SMLF traded down $1.12 on Tuesday, hitting $86.61. 702,671 shares of the company’s stock were exchanged, compared to its average volume of 219,379. The firm’s 50-day moving average is $88.05 and its 200 day moving average is $83.26. The company has a market capitalization of $4.11 billion, a PE ratio of 17.17 and a beta of 1.08. iShares U.S. Small Cap Equity Factor ETF has a 1-year low of $70.00 and a 1-year high of $90.74.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SMLF. Pittenger & Anderson Inc. purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 1st quarter valued at $25,000. IFP Advisors Inc lifted its position in iShares U.S. Small Cap Equity Factor ETF by 509.9% in the fourth quarter. IFP Advisors Inc now owns 433 shares of the company’s stock valued at $32,000 after acquiring an additional 362 shares during the last quarter. Western Wealth Management LLC purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the first quarter valued at $47,000. Triumph Capital Management boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 138.8% in the second quarter. Triumph Capital Management now owns 578 shares of the company’s stock valued at $47,000 after acquiring an additional 336 shares in the last quarter. Finally, Integrity Financial Corp WA purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the second quarter worth about $53,000.

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.