Short Interest in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Rises By 31.3%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 20,612 shares, a growth of 31.3% from the February 26th total of 15,695 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 28,055 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake 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 valued at $64,390,000 after purchasing an additional 192,062 shares in the last quarter. BIP Wealth LLC bought a new position in shares of SPDR MSCI USA StrategicFactors ETF in the fourth quarter worth approximately $18,907,000. Great Point Wealth Advisors LLC purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF during the third quarter valued at approximately $15,220,000. Focus Partners Wealth grew its holdings in shares of 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 buying an additional 74,333 shares during the last quarter. Finally, Howard Capital Management Inc. increased its position in shares of SPDR MSCI USA StrategicFactors ETF by 85.0% during 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 in the last quarter.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.9%

SPDR MSCI USA StrategicFactors ETF stock traded up $1.53 during mid-day trading on Tuesday, hitting $170.03. The company had a trading volume of 2,695 shares, compared to its average volume of 27,687. SPDR MSCI USA StrategicFactors ETF has a 12 month low of $137.58 and a 12 month high of $181.08. The company has a market capitalization of $1.50 billion, a PE ratio of 22.46 and a beta of 0.89. The stock’s 50 day moving average price is $176.65 and its two-hundred day moving average price is $174.03.

SPDR MSCI USA StrategicFactors ETF Company Profile

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.