Short Interest in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Drops By 64.7%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,646 shares, a drop of 64.7% from the June 30th total of 7,500 shares. Based on an average trading volume of 35,994 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sfmg LLC raised its stake in shares of SPDR MSCI USA StrategicFactors ETF by 0.6% in the 4th quarter. Sfmg LLC now owns 527,047 shares of the company’s stock valued at $91,804,000 after buying an additional 3,069 shares in the last quarter. Bank of America Corp DE increased its stake in SPDR MSCI USA StrategicFactors ETF by 94.7% in the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after acquiring an additional 192,062 shares during the period. LPL Financial LLC increased its stake in SPDR MSCI USA StrategicFactors ETF by 7.6% in the fourth quarter. LPL Financial LLC now owns 333,050 shares of the company’s stock valued at $58,012,000 after acquiring an additional 23,402 shares during the period. Ameriprise Financial Inc. raised its position in SPDR MSCI USA StrategicFactors ETF by 6.9% in the second quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock worth $29,401,000 after purchasing an additional 11,667 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC lifted its stake in SPDR MSCI USA StrategicFactors ETF by 2.3% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 178,546 shares of the company’s stock worth $31,100,000 after purchasing an additional 4,057 shares during the period.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.8%

Shares of NYSEARCA:QUS opened at $189.87 on Wednesday. The firm has a market capitalization of $1.54 billion, a PE ratio of 22.46 and a beta of 0.83. SPDR MSCI USA StrategicFactors ETF has a 1-year low of $161.09 and a 1-year high of $190.38. The business’s 50 day moving average is $186.26 and its 200-day moving average is $180.68.

About SPDR MSCI USA StrategicFactors ETF

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.