American Century U.S. Quality Value ETF (NYSEARCA:VALQ) Sees Significant Increase in Short Interest

American Century U.S. Quality Value ETF (NYSEARCA:VALQ – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 16,767 shares, a growth of 302.9% from the August 31st total of 4,162 shares. Based on an average daily trading volume, of 5,332 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.4% of the company’s stock are short sold.

American Century U.S. Quality Value ETF Trading Up 0.5%

Shares of NYSEARCA VALQ traded up $0.33 during mid-day trading on Friday, hitting $70.49. The company had a trading volume of 5,436 shares, compared to its average volume of 10,568. The firm has a 50-day simple moving average of $71.31 and a two-hundred day simple moving average of $68.72. The company has a market capitalization of $329.89 million, a PE ratio of 17.16 and a beta of 0.81. American Century U.S. Quality Value ETF has a one year low of $62.30 and a one year high of $73.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of American Century U.S. Quality Value ETF by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 924,716 shares of the company’s stock worth $64,463,000 after purchasing an additional 51,747 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of American Century U.S. Quality Value ETF by 69.6% in the second quarter. Ameritas Advisory Services LLC now owns 83,699 shares of the company’s stock valued at $5,835,000 after buying an additional 34,350 shares in the last quarter. Beam Wealth Advisors Inc. acquired a new position in American Century U.S. Quality Value ETF during the first quarter worth $735,000. Rubicon Advisors GP acquired a new position in American Century U.S. Quality Value ETF during the fourth quarter worth $340,000. Finally, Royal Bank of Canada raised its position in American Century U.S. Quality Value ETF by 18.6% during the first quarter. Royal Bank of Canada now owns 6,626 shares of the company’s stock worth $431,000 after acquiring an additional 1,039 shares in the last quarter.

About American Century U.S. Quality Value ETF

(Get Free Report)

The American Century STOXX U.S. Quality Value ETF (VALQ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US companies that are selected and weighted based on value and income characteristics. VALQ was launched on Jan 11, 2018 and is managed by American Century Investments.

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