SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Drop in Short Interest

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,374 shares, a decline of 64.3% from the September 15th total of 3,853 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 11,789 shares, the short-interest ratio is presently 0.1 days.

SPDR MSCI USA StrategicFactors ETF Trading Down 0.1%

QUS traded down $0.24 during trading hours on Tuesday, hitting $195.35. 19,183 shares of the company’s stock were exchanged, compared to its average volume of 23,420. SPDR MSCI USA StrategicFactors ETF has a 12-month low of $167.85 and a 12-month high of $196.45. The firm has a 50 day moving average of $193.47 and a 200 day moving average of $186.91. The firm has a market cap of $1.59 billion, a P/E ratio of 22.46 and a beta of 0.83.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUS. Western Wealth Management LLC purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF during the first quarter worth approximately $173,000. Perryman Financial Advisory Inc. AD acquired a new stake in SPDR MSCI USA StrategicFactors ETF in the fourth quarter valued at approximately $279,000. Prosperity Consulting Group LLC lifted its stake in SPDR MSCI USA StrategicFactors ETF by 12.5% in the first quarter. Prosperity Consulting Group LLC now owns 2,348 shares of the company’s stock worth $403,000 after acquiring an additional 261 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in SPDR MSCI USA StrategicFactors ETF in the first quarter worth approximately $420,000. Finally, Balance Wealth LLC grew its holdings in SPDR MSCI USA StrategicFactors ETF by 23.3% during the 1st quarter. Balance Wealth LLC now owns 2,590 shares of the company’s stock worth $445,000 after acquiring an additional 490 shares in the last quarter.

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.