iShares MSCI USA Quality GARP ETF (BATS:GARP) Short Interest Update

iShares MSCI USA Quality GARP ETF (BATS:GARP) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 69,225 shares, a decline of 69.2% from the April 30th total of 224,543 shares. Based on an average daily volume of 303,594 shares, the short-interest ratio is presently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $33,000. Sankala Group LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $38,000. Assetmark Inc. acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $42,000. New England Capital Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the first quarter valued at about $65,000. Finally, Bank of Montreal Can increased its position in shares of iShares MSCI USA Quality GARP ETF by 180.4% during the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after acquiring an additional 626 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of GARP stock opened at $81.94 on Friday. iShares MSCI USA Quality GARP ETF has a 12 month low of $56.06 and a 12 month high of $81.96. The company has a market capitalization of $688.30 million, a PE ratio of 29.61 and a beta of 1.14. The firm’s 50-day moving average is $71.87 and its two-hundred day moving average is $69.37.

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.