iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Short Interest Update

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,116 shares, a decline of 40.2% from the June 15th total of 1,867 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,951 shares, the days-to-cover ratio is presently 0.1 days.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 1.4%

Shares of SMMV stock opened at $47.01 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 $47.01. The stock has a market cap of $357.28 million, a P/E ratio of 18.24 and a beta of 0.69. The company has a 50 day simple moving average of $45.05 and a two-hundred day simple moving average of $44.75.

Institutional Investors Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock worth $8,708,000 after purchasing an additional 21,534 shares during the period. Advisory Services Network LLC grew its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% during the fourth quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock valued at $1,544,000 after purchasing an additional 9,224 shares during the period. Advisors Preferred LLC purchased a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the first quarter worth about $157,000. Flagship Harbor Advisors LLC purchased a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the fourth quarter worth about $75,000. Finally, CoreCap Advisors LLC raised its stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% in the second 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.