iShares MSCI USA Quality GARP ETF (BATS:GARP) Short Interest Update

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 69,225 shares, a decrease of 69.2% from the April 30th total of 224,543 shares. Based on an average daily volume of 303,594 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the company’s stock are short sold.

iShares MSCI USA Quality GARP ETF Price Performance

BATS:GARP traded up $1.11 during trading hours on Friday, reaching $81.94. 174,244 shares of the stock were exchanged, compared to its average volume of 248,483. iShares MSCI USA Quality GARP ETF has a twelve month low of $56.06 and a twelve month high of $81.96. The firm has a 50 day moving average of $71.87 and a 200 day moving average of $69.37. The stock has a market cap of $688.30 million, a PE ratio of 29.61 and a beta of 1.14.

Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC boosted its position in iShares MSCI USA Quality GARP ETF by 29.5% during the 4th quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock worth $89,617,000 after acquiring an additional 299,858 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $50,190,000. Cetera Investment Advisers boosted its position in iShares MSCI USA Quality GARP ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after acquiring an additional 123,760 shares during the last quarter. Bank of America Corp DE boosted its position in iShares MSCI USA Quality GARP ETF by 52.0% during the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock worth $34,940,000 after acquiring an additional 186,930 shares during the last quarter. Finally, Landaas & Co. WI ADV boosted its position in iShares MSCI USA Quality GARP ETF by 3.7% during the 4th quarter. Landaas & Co. WI ADV now owns 443,970 shares of the company’s stock worth $30,236,000 after acquiring an additional 15,991 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Company Profile

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.