iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 217,951 shares, an increase of 80.6% from the September 30th total of 120,714 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 543,563 shares, the days-to-cover ratio is currently 0.4 days.
iShares MSCI USA Quality GARP ETF Trading Down 1.2%
BATS:GARP opened at $76.70 on Tuesday. iShares MSCI USA Quality GARP ETF has a 12 month low of $61.25 and a 12 month high of $88.15. The stock has a market capitalization of $644.28 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The firm has a fifty day simple moving average of $83.33 and a two-hundred day simple moving average of $76.59.
Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the third quarter valued at about $72,535,000. Resonant Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the first quarter worth about $50,190,000. Cetera Investment Advisers increased its position in shares of iShares MSCI USA Quality GARP ETF by 25.3% during the first quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after acquiring an additional 123,760 shares in the last quarter. Landaas & Co. WI ADV acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 3rd quarter worth about $48,345,000. Finally, Bank of America Corp DE raised its holdings in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock worth $34,940,000 after acquiring an additional 186,930 shares during the last quarter.
About iShares MSCI USA Quality GARP ETF
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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