iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Sees Large Decline in Short Interest

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 337 shares, a drop of 46.2% from the September 30th total of 626 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 11,408 shares, the short-interest ratio is currently 0.0 days.

iShares MSCI USA Small-Cap Min Vol Factor ETF Price Performance

Shares of BATS:SMMV opened at $46.77 on Friday. The firm’s 50 day simple moving average is $46.10 and its 200 day simple moving average is $45.44. iShares MSCI USA Small-Cap Min Vol Factor ETF has a fifty-two week low of $41.67 and a fifty-two week high of $47.98. The company has a market capitalization of $355.45 million, a price-to-earnings ratio of 18.24 and a beta of 0.69.

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

Several large investors have recently bought and sold shares of SMMV. Community Bank & Trust Waco Texas acquired a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the second quarter valued at about $601,000. Continuum Advisory LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 2nd quarter worth approximately $235,000. Advisors Preferred LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 1st quarter worth approximately $157,000. Oarsman Capital Inc. acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 2nd quarter worth approximately $112,000. Finally, CoreCap Advisors LLC lifted its stake in 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 valued at $63,000 after buying an additional 852 shares in the last quarter.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

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.