iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stock Short Interest Falls 44.1%

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 322,434 shares, a drop of 44.1% from the September 15th total of 576,361 shares. Based on an average daily volume of 1,035,504 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after acquiring an additional 2,357,971 shares during the last quarter. Orgel Wealth Management LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock valued at $736,892,000 after acquiring an additional 65,534 shares in the last quarter. Facet Wealth Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 11.3% during the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after acquiring an additional 334,234 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock worth $340,861,000 after purchasing an additional 49,616 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock worth $301,918,000 after purchasing an additional 43,742 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $224.93 on Friday. The company has a market capitalization of $65.22 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $228.13. The stock has a 50-day simple moving average of $223.38 and a 200 day simple moving average of $216.09.

iShares MSCI USA Quality Factor ETF’s stock is going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.