iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,116 shares, a decrease of 40.2% from the June 15th total of 1,867 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 16,951 shares, the days-to-cover ratio is currently 0.1 days.
iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Down 0.1%
BATS:SMMV opened at $46.95 on Friday. iShares MSCI USA Small-Cap Min Vol Factor ETF has a 12-month low of $41.02 and a 12-month high of $47.33. The stock’s fifty day simple moving average is $45.09 and its 200-day simple moving average is $44.76. The firm has a market capitalization of $356.82 million, a P/E ratio of 18.24 and a beta of 0.69.
Hedge Funds Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after purchasing an additional 21,534 shares in the last quarter. Advisory Services Network LLC increased its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% during the 4th 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. Advisors Preferred LLC bought a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 1st quarter worth approximately $157,000. Flagship Harbor Advisors LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter worth approximately $75,000. Finally, CoreCap Advisors LLC raised its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% during the 2nd quarter. CoreCap Advisors LLC now owns 1,371 shares of the company’s stock worth $63,000 after buying an additional 852 shares during the period.
iShares MSCI USA Small-Cap Min Vol Factor ETF Company Profile
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.
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