iShares MSCI USA Quality GARP ETF (BATS:GARP) Short Interest Update

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 140,611 shares, an increase of 106.6% from the August 15th total of 68,066 shares. Based on an average trading volume of 341,051 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in iShares MSCI USA Quality GARP ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock worth $168,000 after purchasing an additional 173 shares in the last quarter. Kane Investment Management Inc. raised its position in iShares MSCI USA Quality GARP ETF by 3.3% in the 4th quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock valued at $427,000 after purchasing an additional 201 shares in the last quarter. Stonebridge Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 0.7% in the 1st quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock valued at $1,926,000 after buying an additional 218 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 1.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock valued at $1,867,000 after buying an additional 339 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of iShares MSCI USA Quality GARP ETF by 13.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,163 shares of the company’s stock worth $215,000 after buying an additional 387 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Trading Down 0.8%

iShares MSCI USA Quality GARP ETF stock traded down $0.63 during trading on Tuesday, hitting $81.41. The company had a trading volume of 149,609 shares, compared to its average volume of 282,001. The stock has a market cap of $683.84 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 1-year low of $61.25 and a 1-year high of $85.48. The company’s 50 day simple moving average is $81.90 and its 200-day simple moving average is $76.49.

iShares MSCI USA Quality GARP ETF Company Profile

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.