Short Interest in iShares MSCI USA Quality Factor ETF (BATS:QUAL) Decreases By 35.5%

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 382,209 shares, a decrease of 35.5% from the August 15th total of 592,882 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 807,856 shares, the days-to-cover ratio is presently 0.5 days.

iShares MSCI USA Quality Factor ETF Stock Up 0.1%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $219.18 on Friday. The firm’s 50-day moving average price is $221.36 and its two-hundred day moving average price is $212.18. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $227.32. The company has a market capitalization of $63.55 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

A number of hedge funds have recently made changes to their positions in QUAL. Bank of America Corp DE increased its position in iShares MSCI USA Quality Factor ETF by 36.9% during 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 purchasing an additional 2,357,971 shares in the last quarter. Orgel Wealth Management LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after buying an additional 65,534 shares during the last quarter. Facet Wealth Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 11.3% during the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after buying an additional 334,234 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 11.2% in the 4th quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock valued at $474,097,000 after acquiring an additional 240,881 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock valued at $340,861,000 after acquiring an additional 49,616 shares in the last quarter.

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.