SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Decline in Short Interest

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,646 shares, a decline of 64.7% from the June 30th total of 7,500 shares. Based on an average daily volume of 35,994 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Large investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in SPDR MSCI USA StrategicFactors ETF in the first quarter valued at $275,000. NewEdge Advisors LLC grew its holdings in SPDR MSCI USA StrategicFactors ETF by 7.1% during the 2nd quarter. NewEdge Advisors LLC now owns 36,337 shares of the company’s stock worth $5,926,000 after acquiring an additional 2,405 shares during the period. Raymond James Financial Inc. raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 31.9% in the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock worth $22,879,000 after acquiring an additional 33,967 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR MSCI USA StrategicFactors ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock worth $29,401,000 after acquiring an additional 11,667 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% in the 2nd quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after purchasing an additional 192,062 shares during the period.

SPDR MSCI USA StrategicFactors ETF Stock Up 0.8%

Shares of QUS stock traded up $1.53 during mid-day trading on Monday, reaching $188.73. 2,313 shares of the stock traded hands, compared to its average volume of 27,232. SPDR MSCI USA StrategicFactors ETF has a 1-year low of $161.09 and a 1-year high of $189.53. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. The stock’s fifty day simple moving average is $186.05 and its two-hundred day simple moving average is $180.50.

SPDR MSCI USA StrategicFactors ETF Company Profile

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.