iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 49,357 shares, a decline of 63.9% from the June 30th total of 136,565 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 209,059 shares, the days-to-cover ratio is currently 0.2 days.
iShares U.S. Small Cap Equity Factor ETF Stock Performance
NYSEARCA SMLF opened at $85.92 on Monday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 17.17 and a beta of 1.07. iShares U.S. Small Cap Equity Factor ETF has a 1-year low of $67.43 and a 1-year high of $89.74. The company has a 50 day moving average of $86.22 and a 200-day moving average of $81.45.
Institutional Investors Weigh In On iShares U.S. Small Cap Equity Factor ETF
Several institutional investors and hedge funds have recently bought and sold shares of SMLF. Royal Bank of Canada grew its stake in iShares U.S. Small Cap Equity Factor ETF by 150.9% during the first quarter. Royal Bank of Canada now owns 68,441 shares of the company’s stock worth $4,254,000 after buying an additional 41,163 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 20.4% in the 1st quarter. NewEdge Advisors LLC now owns 16,719 shares of the company’s stock valued at $1,039,000 after buying an additional 2,832 shares in the last quarter. Jane Street Group LLC raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 769.0% in the 1st quarter. Jane Street Group LLC now owns 134,442 shares of the company’s stock valued at $8,357,000 after buying an additional 118,972 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 506.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 66,351 shares of the company’s stock worth $4,508,000 after acquiring an additional 55,409 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 2nd quarter worth approximately $596,000.
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.
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