iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Significant Drop in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 322,434 shares, a drop of 44.1% from the September 15th total of 576,361 shares. Based on an average daily volume of 1,035,504 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL opened at $225.93 on Thursday. The stock has a market capitalization of $65.51 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $228.13. The business’s fifty day moving average is $223.36 and its 200-day moving average is $215.75.

iShares MSCI USA Quality Factor ETF shares are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

Institutional Trading of iShares MSCI USA Quality Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its position in shares of iShares MSCI USA Quality Factor ETF by 53.5% during the 3rd quarter. Mather Group LLC. now owns 7,602 shares of the company’s stock worth $1,689,000 after purchasing an additional 2,648 shares during the last quarter. West Wealth Group LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 2.2% in the 3rd quarter. West Wealth Group LLC now owns 43,965 shares of the company’s stock valued at $9,771,000 after buying an additional 954 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 0.8% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 256,011 shares of the company’s stock valued at $56,896,000 after buying an additional 2,110 shares during the period. Lodestone Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 2.7% in the third quarter. Lodestone Wealth Management LLC now owns 2,187 shares of the company’s stock valued at $486,000 after buying an additional 57 shares during the last quarter. Finally, Aspen Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 4.8% in the third quarter. Aspen Wealth Management LLC now owns 256,465 shares of the company’s stock valued at $56,997,000 after buying an additional 11,719 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Company Profile

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.