Short Interest in iShares US Small Cap Value Factor ETF (BATS:SVAL) Grows By 99.0%

iShares US Small Cap Value Factor ETF (BATS:SVAL) was the target of a significant growth in short interest in the month of 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 shares are sold short. Based on an average daily volume of 10,692 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of iShares US Small Cap Value Factor ETF

Several institutional investors have recently added to or reduced their stakes in SVAL. International Assets Investment Management LLC bought a new position in iShares US Small Cap Value Factor ETF during the 4th quarter worth approximately $59,000. Insigneo Advisory Services LLC acquired a new stake in shares of iShares US Small Cap Value Factor ETF during the third quarter worth $266,000. Orion Porfolio Solutions LLC bought a new position in iShares US Small Cap Value Factor ETF during the third quarter worth $286,000. Goldman Sachs Group Inc. bought a new position in iShares US Small Cap Value Factor ETF during the fourth quarter worth $307,000. Finally, Royal Bank of Canada lifted its holdings in iShares US Small Cap Value Factor ETF by 19.4% in the first quarter. Royal Bank of Canada now owns 13,819 shares of the company’s stock valued at $415,000 after buying an additional 2,248 shares during the period.

iShares US Small Cap Value Factor ETF Stock Performance

Shares of SVAL opened at $41.50 on Monday. The stock’s 50-day moving average price is $39.08 and its two-hundred day moving average price is $37.15. iShares US Small Cap Value Factor ETF has a 12 month low of $29.82 and a 12 month high of $41.68. The company has a market capitalization of $176.38 million, a PE ratio of 12.43 and a beta of 1.05.

iShares US Small Cap Value Factor ETF Company Profile

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.