Short Interest in iShares MSCI USA Quality GARP ETF (BATS:GARP) Decreases By 62.6%

iShares MSCI USA Quality GARP ETF (BATS:GARP) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 32,374 shares, a decrease of 62.6% from the June 15th total of 86,534 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 307,671 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in iShares MSCI USA Quality GARP ETF during the 4th quarter worth approximately $33,000. Sankala Group LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $38,000. Assetmark Inc. acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $42,000. New England Capital Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the first quarter valued at approximately $65,000. Finally, Bank of Montreal Can boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 180.4% in the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after buying an additional 626 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Stock Performance

GARP stock opened at $81.48 on Monday. The stock has a market capitalization of $684.43 million, a PE ratio of 29.61 and a beta of 1.14. The company has a fifty day moving average of $79.38 and a 200-day moving average of $72.25. iShares MSCI USA Quality GARP ETF has a one year low of $60.01 and a one year high of $83.40.

iShares MSCI USA Quality GARP ETF Company Profile

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.