iShares MSCI USA Size Factor ETF (NYSEARCA:SIZE – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 57,033 shares, a drop of 38.8% from the May 14th total of 93,123 shares. Based on an average daily volume of 9,538 shares, the days-to-cover ratio is currently 6.0 days. Approximately 2.4% of the shares of the company are short sold.
iShares MSCI USA Size Factor ETF Price Performance
SIZE traded down $0.02 during trading hours on Wednesday, hitting $177.19. 414 shares of the stock were exchanged, compared to its average volume of 6,107. The stock has a market cap of $425.26 million, a price-to-earnings ratio of 21.17 and a beta of 0.96. iShares MSCI USA Size Factor ETF has a 12 month low of $149.79 and a 12 month high of $178.34. The stock has a 50-day simple moving average of $171.24 and a 200-day simple moving average of $166.72.
Institutional Investors Weigh In On iShares MSCI USA Size Factor ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SIZE. Flagship Harbor Advisors LLC bought a new stake in shares of iShares MSCI USA Size Factor ETF during the fourth quarter valued at about $30,000. Signature Resources Capital Management LLC raised its stake in shares of iShares MSCI USA Size Factor ETF by 415.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 206 shares of the company’s stock valued at $33,000 after purchasing an additional 166 shares in the last quarter. MAI Capital Management raised its stake in shares of iShares MSCI USA Size Factor ETF by 13.6% during the third quarter. MAI Capital Management now owns 585 shares of the company’s stock valued at $94,000 after purchasing an additional 70 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Size Factor ETF during the second quarter valued at about $151,000. Finally, Bank of Montreal Can bought a new stake in shares of iShares MSCI USA Size Factor ETF during the fourth quarter valued at about $160,000.
About iShares MSCI USA Size Factor ETF
The iShares MSCI USA Size Factor ETF (SIZE) is an exchange-traded fund that is based on the MSCI USA Low Size index. The fund tracks an index of large- and mid-cap US stocks. Holdings are weighted by the inverse natural logarithm of their market capitalization. SIZE was launched on Apr 16, 2013 and is managed by BlackRock.
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