iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 140,611 shares, an increase of 106.6% from the August 15th total of 68,066 shares. Based on an average daily volume of 341,051 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.7% of the shares of the company are short sold.
iShares MSCI USA Quality GARP ETF Stock Down 0.8%
Shares of BATS GARP opened at $81.40 on Wednesday. The business’s 50 day moving average price is $81.92 and its 200 day moving average price is $76.57. The firm has a market cap of $683.76 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52 week low of $61.25 and a 52 week high of $85.48.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in GARP. Allworth Financial LP purchased a new stake in iShares MSCI USA Quality GARP ETF in the fourth quarter valued at $33,000. Ancora Advisors LLC purchased a new position in shares of iShares MSCI USA Quality GARP ETF during the 2nd quarter valued at about $33,000. Sankala Group LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter valued at about $38,000. New England Capital Financial Advisors LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $65,000. Finally, High Note Wealth LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter worth about $77,000.
iShares MSCI USA Quality GARP ETF Company Profile
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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