Short Interest in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Drops By 61.1%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 10,544 shares, a decline of 61.1% from the May 14th total of 27,109 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 14,144 shares, the short-interest ratio is presently 0.7 days.

SPDR MSCI USA StrategicFactors ETF Price Performance

NYSEARCA:QUS traded up $0.78 during trading hours on Friday, hitting $185.35. The company had a trading volume of 13,688 shares, compared to its average volume of 28,912. The company has a market capitalization of $1.51 billion, a PE ratio of 22.46 and a beta of 0.83. The stock has a 50-day moving average price of $181.75 and a 200 day moving average price of $177.80. SPDR MSCI USA StrategicFactors ETF has a 52 week low of $157.69 and a 52 week high of $187.29.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter valued at $40,000. Triumph Capital Management purchased a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter valued at $54,000. Empowered Funds LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter valued at $94,000. Western Wealth Management LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the first quarter valued at $173,000. Finally, Maia Wealth LLC purchased a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter valued at $203,000.

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.