Short Interest in iShares MSCI USA Quality GARP ETF (BATS:GARP) Drops By 62.6%

iShares MSCI USA Quality GARP ETF (BATS:GARP) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 32,374 shares, a decrease of 62.6% from the June 15th total of 86,534 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 307,671 shares, the days-to-cover ratio is presently 0.1 days.

iShares MSCI USA Quality GARP ETF Stock Down 1.1%

Shares of BATS:GARP opened at $80.59 on Tuesday. iShares MSCI USA Quality GARP ETF has a 12 month low of $60.01 and a 12 month high of $83.40. The company’s fifty day simple moving average is $79.53 and its 200 day simple moving average is $72.34. The firm has a market cap of $676.96 million, a price-to-earnings 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 added to or reduced their stakes in GARP. Resonant Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the first quarter valued at about $50,190,000. Independent Financial Group LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter valued at approximately $20,542,000. Great Valley Advisor Group Inc. lifted its stake in iShares MSCI USA Quality GARP ETF by 1,027.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after acquiring an additional 300,649 shares in the last quarter. LPL Financial LLC lifted its stake in iShares MSCI USA Quality GARP ETF by 29.5% in the 4th quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock valued at $89,617,000 after acquiring an additional 299,858 shares in the last quarter. Finally, Insight Wealth Strategies LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 2nd quarter worth approximately $20,911,000.

About iShares MSCI USA Quality GARP ETF

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.