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 in 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 trading volume of 1,245,177 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $216.81 on Monday. The company has a market cap of $62.86 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s fifty day simple moving average is $216.10 and its 200-day simple moving average is $206.85. iShares MSCI USA Quality Factor ETF has a 52 week low of $181.65 and a 52 week high of $221.16.

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.