Short Interest in iShares US Small Cap Value Factor ETF (BATS:SVAL) Expands By 99.0%
by Kim Johansen · The Markets DailyiShares US Small Cap Value Factor ETF (BATS:SVAL – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 29,563 shares, a growth of 99.0% from the May 14th total of 14,855 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 10,692 shares, the short-interest ratio is currently 2.8 days.
iShares US Small Cap Value Factor ETF Trading Up 1.0%
Shares of BATS:SVAL opened at $41.50 on Friday. iShares US Small Cap Value Factor ETF has a 1 year low of $29.82 and a 1 year high of $41.68. The business has a fifty day simple moving average of $39.08 and a 200 day simple moving average of $37.13. The firm has a market cap of $176.38 million, a price-to-earnings ratio of 12.43 and a beta of 1.05.
Institutional Trading of iShares US Small Cap Value Factor ETF
Several hedge funds and other institutional investors have recently modified their holdings of SVAL. International Assets Investment Management LLC purchased a new stake in shares of iShares US Small Cap Value Factor ETF during the fourth quarter worth $59,000. Insigneo Advisory Services LLC purchased a new stake in shares of iShares US Small Cap Value Factor ETF during the third quarter worth $266,000. Orion Porfolio Solutions LLC purchased a new stake in shares of iShares US Small Cap Value Factor ETF during the third quarter worth $286,000. Goldman Sachs Group Inc. purchased a new stake in shares of iShares US Small Cap Value Factor ETF during the fourth quarter worth $307,000. Finally, Royal Bank of Canada raised its holdings in shares of iShares US Small Cap Value Factor ETF by 19.4% during the first quarter. Royal Bank of Canada now owns 13,819 shares of the company’s stock worth $415,000 after acquiring an additional 2,248 shares in the last quarter.
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.