iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Significant Growth in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 576,361 shares, an increase of 50.8% from the August 31st total of 382,209 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 972,403 shares, the days-to-cover ratio is presently 0.6 days.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $223.44 on Friday. The firm has a market cap of $64.79 billion, a PE ratio of 25.59 and a beta of 1.05. The firm has a 50 day simple moving average of $222.19 and a 200-day simple moving average of $213.70. iShares MSCI USA Quality Factor ETF has a 1-year low of $185.88 and a 1-year high of $227.32.

Institutional Trading of iShares MSCI USA Quality Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Command Advisory Services Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 16.5% in the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after buying an additional 53 shares during the period. Northwest Financial Advisors increased its position in iShares MSCI USA Quality Factor ETF by 3.8% during the 1st quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares during the period. Sherman Wealth Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 0.3% during the 2nd quarter. Sherman Wealth Management LLC now owns 20,726 shares of the company’s stock valued at $4,548,000 after purchasing an additional 53 shares during the period. Signature Equity Partners LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 12.6% in the 1st quarter. Signature Equity Partners LLC now owns 490 shares of the company’s stock worth $94,000 after purchasing an additional 55 shares during the period. Finally, Talisman Wealth Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 0.5% during the fourth quarter. Talisman Wealth Advisors LLC now owns 10,916 shares of the company’s stock worth $2,171,000 after buying an additional 57 shares during the period.

About iShares MSCI USA Quality Factor ETF

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.