iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Significant Drop in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 322,434 shares, a decline of 44.1% from the September 15th total of 576,361 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,035,504 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares MSCI USA Quality Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uptick Partners LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 32.5% in the 1st quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock valued at $1,982,000 after buying an additional 2,533 shares during the period. Noble Wealth Partners LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth about $5,225,000. Pure Financial Advisors LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 3.5% during the 4th quarter. Pure Financial Advisors LLC now owns 165,510 shares of the company’s stock worth $32,874,000 after acquiring an additional 5,541 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 2.4% during the 1st quarter. Centaurus Financial Inc. now owns 151,213 shares of the company’s stock valued at $29,004,000 after acquiring an additional 3,523 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 100.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 54,982 shares of the company’s stock valued at $10,546,000 after acquiring an additional 27,578 shares during the period.

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iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $225.93 on Thursday. The firm’s 50 day moving average price is $223.36 and its 200-day moving average price is $215.75. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $228.13. The firm has a market cap of $65.51 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF’s stock is set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Quality Factor ETF Company Profile

(Get Free Report)

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.

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