SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Stock Short Interest Drops 64.3%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the recipient of a significant decline in short interest during the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,789 shares, the short-interest ratio is currently 0.1 days.

SPDR MSCI USA StrategicFactors ETF Stock Performance

Shares of QUS traded up $0.68 during trading hours on Monday, hitting $195.64. 1,710 shares of the stock were exchanged, compared to its average volume of 23,393. SPDR MSCI USA StrategicFactors ETF has a 12-month low of $167.85 and a 12-month high of $196.45. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. The stock’s 50-day moving average price is $193.35 and its two-hundred day moving average price is $186.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Midwest Financial Network LLC boosted its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 81.3% during the 1st quarter. Midwest Financial Network LLC now owns 21,689 shares of the company’s stock worth $3,723,000 after purchasing an additional 9,725 shares during the last quarter. Marotta Asset Management grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 16.0% in the first quarter. Marotta Asset Management now owns 66,803 shares of the company’s stock valued at $11,507,000 after purchasing an additional 9,232 shares in the last quarter. Nwam LLC increased its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 171.0% in the first quarter. Nwam LLC now owns 10,278 shares of the company’s stock valued at $1,764,000 after purchasing an additional 6,486 shares during the last quarter. Spinnaker Investment Group LLC purchased a new position in shares of SPDR MSCI USA StrategicFactors ETF during the 2nd quarter worth $760,000. Finally, Rockland Trust Co. purchased a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 3rd quarter valued at approximately $713,000.

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.