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

iShares MSCI USA Quality GARP ETF (BATS:GARPGet Free Report) saw 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. Based on an average daily trading volume, of 303,594 shares, the short-interest ratio is presently 0.2 days. Approximately 0.8% of the shares of the stock are short sold.

iShares MSCI USA Quality GARP ETF Trading Up 1.2%

GARP stock opened at $80.83 on Friday. iShares MSCI USA Quality GARP ETF has a 12-month low of $56.06 and a 12-month high of $80.97. The stock has a market cap of $678.97 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The business’s 50-day moving average is $71.56 and its 200 day moving average is $69.28.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Several institutional investors have recently bought and sold shares of GARP. Resonant Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $50,190,000. Independent Financial Group LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $20,542,000. Great Valley Advisor Group Inc. boosted its holdings in iShares MSCI USA Quality GARP ETF by 1,027.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock worth $22,467,000 after buying an additional 300,649 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares MSCI USA Quality GARP ETF by 29.5% in the 4th quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock worth $89,617,000 after buying an additional 299,858 shares during the last quarter. Finally, Cornerstone Advisors Asset Management LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $14,357,000.

About iShares MSCI USA Quality GARP ETF

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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.

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