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

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 640,514 shares, a drop of 83.1% from the May 31st total of 3,798,075 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,738,169 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of iShares MSCI USA Quality Factor ETF

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in iShares MSCI USA Quality Factor ETF by 25.3% in the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after purchasing an additional 2,023 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $81,990,000. Bison Wealth LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 21.6% in the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after buying an additional 3,383 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 45.5% in the 1st quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock worth $3,363,000 after buying an additional 6,152 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in iShares MSCI USA Quality Factor ETF by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock valued at $22,591,000 after buying an additional 62,219 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 0.0%

Shares of BATS QUAL opened at $213.25 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $179.28 and a twelve month high of $219.82. The stock’s 50 day moving average price is $211.85 and its 200-day moving average price is $204.10. The company has a market capitalization of $61.83 billion, a PE ratio of 25.59 and a beta of 1.05.

About iShares MSCI USA Quality Factor ETF

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.