iShares MSCI USA Quality Factor ETF (BATS:QUAL) Short Interest Up 150.3% in July

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 642,836 shares, a growth of 150.3% from the July 15th total of 256,776 shares. Based on an average daily volume of 1,011,053 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after acquiring an additional 2,357,971 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of iShares MSCI USA Quality Factor ETF by 99.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock valued at $375,735,000 after acquiring an additional 964,500 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 403.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock valued at $220,005,000 after acquiring an additional 887,478 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $81,990,000. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 298.3% in the second quarter. Orion Porfolio Solutions LLC now owns 542,767 shares of the company’s stock valued at $99,229,000 after purchasing an additional 406,488 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock opened at $227.18 on Friday. The business has a 50 day simple moving average of $218.38 and a 200-day simple moving average of $208.80. The firm has a market capitalization of $65.87 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1 year low of $185.88 and a 1 year high of $227.32.

iShares MSCI USA Quality Factor ETF Company Profile

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.