iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Large Decrease in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 256,776 shares, a decrease of 57.3% from the June 30th total of 601,912 shares. Based on an average daily volume of 1,245,177 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $217.26 on Tuesday. The business’s 50-day moving average is $216.22 and its two-hundred day moving average is $206.95. The company has a market capitalization of $62.99 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $181.65 and a fifty-two week high of $221.16.

Institutional Trading of iShares MSCI USA Quality Factor ETF

Hedge funds have recently modified their holdings of the stock. Cassilly Financial Group LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $1,348,000. J.M. Arbour LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $1,681,000. Liberty Wealth Management LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 4th quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock valued at $31,622,000 after acquiring an additional 3,188 shares during the period. Strategic Point Investment Advisors LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 2.6% during the 4th quarter. Strategic Point Investment Advisors LLC now owns 107,177 shares of the company’s stock valued at $21,287,000 after acquiring an additional 2,738 shares during the period. Finally, Sound Financial Strategies Group LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 254.3% in the 4th quarter. Sound Financial Strategies Group LLC now owns 19,877 shares of the company’s stock valued at $3,948,000 after purchasing an additional 14,267 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Company Profile

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.