iShares US Small Cap Value Factor ETF (BATS:SVAL) Shares Shorted: Short Interest Down 53.7% in September

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 25,301 shares, a decline 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 presently 0.9 days. Approximately 0.6% of the shares of the stock are sold short.

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

A number of institutional investors have recently made changes to their positions in SVAL. Money Concepts Capital Corp purchased a new stake in iShares US Small Cap Value Factor ETF during the 1st quarter worth about $98,939,000. Bank of America Corp DE raised its stake in iShares US Small Cap Value Factor ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock valued at $5,708,000 after purchasing an additional 29,540 shares during the last quarter. Apeiron RIA LLC raised its stake in iShares US Small Cap Value Factor ETF by 83.7% in the 3rd quarter. Apeiron RIA LLC now owns 44,588 shares of the company’s stock valued at $1,860,000 after purchasing an additional 20,317 shares during the last quarter. Citadel Advisors LLC raised its stake in iShares US Small Cap Value Factor ETF by 50.5% in the 2nd quarter. Citadel Advisors LLC now owns 41,747 shares of the company’s stock valued at $1,744,000 after purchasing an additional 14,006 shares during the last quarter. Finally, NovaPoint Capital LLC lifted its holdings in iShares US Small Cap Value Factor ETF by 7.6% in the 1st quarter. NovaPoint Capital LLC now owns 16,571 shares of the company’s stock valued at $596,000 after purchasing an additional 1,174 shares in the last quarter.

iShares US Small Cap Value Factor ETF Stock Performance

SVAL stock opened at $41.95 on Thursday. iShares US Small Cap Value Factor ETF has a 1 year low of $31.96 and a 1 year high of $44.28. The stock’s 50 day moving average price is $42.88 and its 200 day moving average price is $41.09. The firm has a market cap of $178.29 million, a P/E ratio of 12.43 and a beta of 1.05.

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.