Short Interest in Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Decreases By 82.7%

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 8,867 shares, a drop of 82.7% from the July 30th total of 51,111 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 77,150 shares, the days-to-cover ratio is currently 0.1 days.

Hartford Multifactor US Equity ETF Price Performance

Shares of ROUS traded up $0.18 during midday trading on Wednesday, reaching $68.38. The stock had a trading volume of 75,175 shares, compared to its average volume of 45,758. Hartford Multifactor US Equity ETF has a 52 week low of $55.20 and a 52 week high of $69.30. The firm’s 50 day moving average price is $67.16 and its 200-day moving average price is $64.10. The company has a market capitalization of $717.99 million, a P/E ratio of 18.12 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Hartford Multifactor US Equity ETF by 74.0% in the first quarter. Royal Bank of Canada now owns 181,332 shares of the company’s stock worth $10,706,000 after acquiring an additional 77,140 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Hartford Multifactor US Equity ETF by 2,891.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 69,948 shares of the company’s stock valued at $4,037,000 after purchasing an additional 67,610 shares in the last quarter. LPL Financial LLC boosted its position in shares of Hartford Multifactor US Equity ETF by 11.0% during the 4th quarter. LPL Financial LLC now owns 675,705 shares of the company’s stock valued at $38,995,000 after purchasing an additional 66,847 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Hartford Multifactor US Equity ETF by 230.2% in the 4th quarter. NewEdge Advisors LLC now owns 58,715 shares of the company’s stock worth $3,388,000 after purchasing an additional 40,933 shares during the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of Hartford Multifactor US Equity ETF in the 4th quarter worth approximately $1,779,000.

Hartford Multifactor US Equity ETF Company Profile

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.