iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 224,543 shares, a growth of 80.0% from the April 15th total of 124,741 shares. Based on an average daily volume of 310,860 shares, the short-interest ratio is currently 0.7 days. Currently, 2.7% of the shares of the company are short sold.
iShares MSCI USA Quality GARP ETF Stock Performance
iShares MSCI USA Quality GARP ETF stock opened at $75.67 on Wednesday. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $55.43 and a fifty-two week high of $78.14. The company has a market capitalization of $635.63 million, a P/E ratio of 29.61 and a beta of 1.14. The stock has a 50-day simple moving average of $69.87 and a 200-day simple moving average of $68.77.
Institutional Trading of iShares MSCI USA Quality GARP ETF
Several institutional investors and hedge funds have recently made changes to their positions in GARP. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $262,000. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 46.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock valued at $91,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $803,000. Jane Street Group LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 150.9% in the 1st quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock valued at $740,000 after purchasing an additional 8,721 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 45.0% in the 2nd quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock valued at $5,360,000 after purchasing an additional 27,562 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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