iShares MSCI USA Quality GARP ETF (BATS:GARP) Sees Significant Drop in Short Interest

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 69,225 shares, a decline of 69.2% from the April 30th total of 224,543 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 303,594 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 29.5% during the 4th quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock worth $89,617,000 after purchasing an additional 299,858 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $50,190,000. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after purchasing an additional 123,760 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 52.0% during the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock worth $34,940,000 after purchasing an additional 186,930 shares during the last quarter. Finally, Landaas & Co. WI ADV boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 3.7% during the 4th quarter. Landaas & Co. WI ADV now owns 443,970 shares of the company’s stock worth $30,236,000 after purchasing an additional 15,991 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of iShares MSCI USA Quality GARP ETF stock opened at $80.83 on Friday. The stock has a market cap of $678.97 million, a P/E ratio of 29.61 and a beta of 1.14. The stock’s 50 day simple moving average is $71.56 and its 200-day simple moving average is $69.28. iShares MSCI USA Quality GARP ETF has a 1-year low of $56.06 and a 1-year high of $80.97.

About iShares MSCI USA Quality GARP ETF

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.