iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Shorted: Short Interest Up 86.1% in October

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 600,092 shares, a growth of 86.1% from the September 30th total of 322,434 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,021,651 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in iShares MSCI USA Quality Factor ETF by 36.9% during the first 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. AdvisorShares Investments LLC bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter valued at about $70,161,000. Facet Wealth Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 11.3% in the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after purchasing an additional 334,234 shares during the last quarter. Unison Advisors LLC boosted its position in iShares MSCI USA Quality Factor ETF by 61.6% in the first quarter. Unison Advisors LLC now owns 603,217 shares of the company’s stock worth $115,703,000 after purchasing an additional 229,969 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in iShares MSCI USA Quality Factor ETF by 669.4% in the first quarter. Fifth Third Bancorp now owns 138,005 shares of the company’s stock worth $26,471,000 after purchasing an additional 120,069 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $222.49 on Monday. The stock has a fifty day simple moving average of $223.27 and a two-hundred day simple moving average of $212.55. The company has a market cap of $64.51 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $228.13.

iShares MSCI USA Quality Factor ETF shares are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell 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.