iShares US Small Cap Value Factor ETF (BATS:SVAL) Sees Large Decrease in Short Interest

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 25,301 shares, a drop of 53.7% from the September 15th total of 54,645 shares. Based on an average daily volume of 27,489 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

Large investors have recently added to or reduced their stakes in the company. Money Concepts Capital Corp acquired a new stake in shares of iShares US Small Cap Value Factor ETF in the 1st quarter valued at about $98,939,000. Apeiron RIA LLC acquired a new position in shares of iShares US Small Cap Value Factor ETF during the first quarter worth about $1,082,000. Bank of America Corp DE grew its holdings in shares of iShares US Small Cap Value Factor ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock worth $5,708,000 after buying an additional 29,540 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of iShares US Small Cap Value Factor ETF by 50.5% during the second quarter. Citadel Advisors LLC now owns 41,747 shares of the company’s stock worth $1,744,000 after buying an additional 14,006 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in iShares US Small Cap Value Factor ETF in the 2nd quarter valued at approximately $260,000.

iShares US Small Cap Value Factor ETF Trading Up 0.2%

Shares of SVAL stock traded up $0.09 on Tuesday, hitting $42.41. The stock had a trading volume of 1,523 shares, compared to its average volume of 36,635. iShares US Small Cap Value Factor ETF has a twelve month low of $31.96 and a twelve month high of $44.28. The firm has a market cap of $180.25 million, a P/E ratio of 12.43 and a beta of 1.05. The company has a fifty day moving average price of $42.93 and a two-hundred day moving average price of $41.01.

About iShares US Small Cap Value Factor ETF

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.