iShares MSCI USA Quality Factor ETF (BATS:QUAL) Short Interest Down 57.3% in July

iShares MSCI USA Quality Factor ETF (BATS:QUAL) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 256,776 shares, a decline of 57.3% from the June 30th total of 601,912 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,245,177 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after acquiring an additional 2,357,971 shares during the last quarter. MML Investors Services LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after purchasing an additional 44,285 shares during the last quarter. Facet Wealth Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 11.3% in the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after purchasing an additional 334,234 shares during the last quarter. Focus Partners Wealth boosted its position in iShares MSCI USA Quality Factor ETF by 11.2% during the fourth quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after purchasing an additional 240,881 shares during the period. Finally, Raymond James Financial Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 3.1% during the third quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock worth $396,892,000 after purchasing an additional 62,154 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock traded down $0.64 during midday trading on Wednesday, reaching $217.82. 102,815 shares of the company’s stock traded hands, compared to its average volume of 1,799,440. The company has a market cap of $63.16 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company’s 50 day simple moving average is $216.40 and its 200 day simple moving average is $207.07. iShares MSCI USA Quality Factor ETF has a 52 week low of $181.65 and a 52 week high of $221.16.

About iShares MSCI USA Quality Factor ETF

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.