iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Large Growth in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 600,092 shares, an increase of 86.1% from the September 30th total of 322,434 shares. Based on an average daily volume of 1,021,651 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of QUAL. Noble Wealth Partners LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth about $5,225,000. Uptick Partners LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 32.5% in the 1st quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock worth $1,982,000 after purchasing an additional 2,533 shares in the last quarter. Carnegie Investment Counsel grew its position in iShares MSCI USA Quality Factor ETF by 14.9% during the 3rd quarter. Carnegie Investment Counsel now owns 19,645 shares of the company’s stock valued at $4,366,000 after purchasing an additional 2,544 shares during the last quarter. Centaurus Financial Inc. grew its position in iShares MSCI USA Quality Factor ETF by 2.4% during the 1st quarter. Centaurus Financial Inc. now owns 151,213 shares of the company’s stock valued at $29,004,000 after purchasing an additional 3,523 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at about $540,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $222.49 on Friday. iShares MSCI USA Quality Factor ETF has a 52-week low of $185.88 and a 52-week high of $228.13. The business’s 50 day moving average price is $223.27 and its two-hundred day moving average price is $212.55. The firm has a market cap of $64.51 billion, a PE ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF’s stock is set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

About iShares MSCI USA Quality Factor ETF

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.