SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Short Interest Down 30.0% in February

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 15,695 shares, a decline of 30.0% from the February 12th total of 22,424 shares. Based on an average trading volume of 26,241 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 26,241 shares, the days-to-cover ratio is currently 0.6 days.

SPDR MSCI USA StrategicFactors ETF Stock Performance

QUS stock traded down $0.40 during midday trading on Friday, reaching $173.86. 11,372 shares of the company traded hands, compared to its average volume of 26,250. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 22.46 and a beta of 0.89. SPDR MSCI USA StrategicFactors ETF has a 52-week low of $137.58 and a 52-week high of $181.08. The business has a 50 day moving average of $177.70 and a 200-day moving average of $173.70.

Institutional Trading of SPDR MSCI USA StrategicFactors ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after buying an additional 192,062 shares during the period. BIP Wealth LLC purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the fourth quarter valued at $18,907,000. Great Point Wealth Advisors LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter worth about $15,220,000. Focus Partners Wealth lifted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 3.7% in the 3rd quarter. Focus Partners Wealth now owns 2,060,903 shares of the company’s stock worth $352,923,000 after acquiring an additional 74,333 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its stake in shares of SPDR MSCI USA StrategicFactors ETF by 85.0% during the 4th quarter. Howard Capital Management Inc. now owns 119,933 shares of the company’s stock worth $20,890,000 after purchasing 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.