SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Significant Growth in Short Interest

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 22,424 shares, an increase of 51.8% from the January 29th total of 14,771 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 21,948 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 21,948 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

SPDR MSCI USA StrategicFactors ETF Stock Down 0.1%

Shares of QUS traded down $0.24 during mid-day trading on Monday, hitting $180.47. 14,845 shares of the company traded hands, compared to its average volume of 25,515. The company has a market capitalization of $1.59 billion, a PE ratio of 22.46 and a beta of 0.89. The business has a 50 day moving average of $177.29 and a 200 day moving average of $172.92. SPDR MSCI USA StrategicFactors ETF has a 1-year low of $137.58 and a 1-year high of $181.08.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in SPDR MSCI USA StrategicFactors ETF by 94.7% during the 2nd quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after purchasing an additional 192,062 shares during the period. BIP Wealth LLC acquired a new stake in SPDR MSCI USA StrategicFactors ETF during the fourth quarter worth about $18,907,000. Great Point Wealth Advisors LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter valued at approximately $15,220,000. Focus Partners Wealth raised its position in SPDR MSCI USA StrategicFactors ETF by 3.7% during the third quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock valued at $352,923,000 after acquiring an additional 74,333 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in SPDR MSCI USA StrategicFactors ETF by 85.0% in the fourth quarter. Howard Capital Management Inc. now owns 119,933 shares of the company’s stock valued at $20,890,000 after acquiring an additional 55,112 shares during the period.

About SPDR MSCI USA StrategicFactors ETF

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.