Short Interest in American Century U.S. Quality Value ETF (NYSEARCA:VALQ) Decreases By 44.6%

American Century U.S. Quality Value ETF (NYSEARCA:VALQ) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 4,162 shares, a drop of 44.6% from the August 15th total of 7,507 shares. Based on an average daily volume of 5,624 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

American Century U.S. Quality Value ETF Stock Down 0.9%

Shares of American Century U.S. Quality Value ETF stock traded down $0.62 on Wednesday, hitting $70.60. 7,632 shares of the company were exchanged, compared to its average volume of 10,837. The stock has a market capitalization of $352.93 million, a price-to-earnings ratio of 17.16 and a beta of 0.81. The company has a 50-day moving average price of $71.07 and a 200 day moving average price of $68.60. American Century U.S. Quality Value ETF has a 1-year low of $62.30 and a 1-year high of $73.17.

Hedge Funds Weigh In On American Century U.S. Quality Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC grew its holdings in American Century U.S. Quality Value ETF by 69.6% in the 2nd 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 shares of American Century U.S. Quality Value ETF during the 1st quarter valued at about $735,000. Royal Bank of Canada boosted its position in shares of American Century U.S. Quality Value ETF by 18.6% during the 1st quarter. Royal Bank of Canada now owns 6,626 shares of the company’s stock valued at $431,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Rubicon Advisors GP purchased a new stake in shares of American Century U.S. Quality Value ETF in the fourth quarter valued at about $340,000.

About American Century U.S. Quality Value ETF

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.