Short Interest in American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) Drops By 47.2%

American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 23,501 shares, a drop of 47.2% from the December 31st total of 44,522 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 106,257 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 106,257 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

American Century U.S. Quality Growth ETF Stock Performance

NYSEARCA QGRO traded down $2.10 during trading on Friday, reaching $112.62. 224,755 shares of the company traded hands, compared to its average volume of 129,593. The stock’s 50 day moving average price is $115.00 and its two-hundred day moving average price is $113.21. American Century U.S. Quality Growth ETF has a 1-year low of $80.25 and a 1-year high of $117.81. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 32.09 and a beta of 1.10.

Institutional Trading of American Century U.S. Quality Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QGRO. Beacon Financial Advisory LLC grew its holdings in shares of American Century U.S. Quality Growth ETF by 126.6% in the 3rd quarter. Beacon Financial Advisory LLC now owns 14,714 shares of the company’s stock valued at $1,683,000 after acquiring an additional 8,222 shares in the last quarter. Gilbert Capital Group Inc. bought a new position in American Century U.S. Quality Growth ETF in the second quarter valued at approximately $4,971,000. Intrua Financial LLC increased its position in shares of American Century U.S. Quality Growth ETF by 2.3% during the 3rd quarter. Intrua Financial LLC now owns 289,633 shares of the company’s stock worth $33,134,000 after purchasing an additional 6,531 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of American Century U.S. Quality Growth ETF during the 2nd quarter worth approximately $540,000. Finally, D.A. Davidson & CO. bought a new stake in shares of American Century U.S. Quality Growth ETF during the 3rd quarter worth approximately $3,278,000.

American Century U.S. Quality Growth ETF Company Profile

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.