Short Interest in American Century U.S. Quality Value ETF (NYSEARCA:VALQ) Grows By 1,257.5%

American Century U.S. Quality Value ETF (NYSEARCA:VALQ) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,507 shares, a growth of 1,257.5% from the July 30th total of 553 shares. Based on an average trading volume of 4,231 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of American Century U.S. Quality Value ETF in the 2nd quarter valued at approximately $132,000. Farther Finance Advisors LLC purchased a new stake in shares of American Century U.S. Quality Value ETF in the fourth quarter valued at $230,000. Royal Bank of Canada lifted its holdings in shares of American Century U.S. Quality Value ETF by 50.8% in the first quarter. Royal Bank of Canada now owns 5,410 shares of the company’s stock valued at $329,000 after purchasing an additional 1,823 shares in the last quarter. Rubicon Advisors GP acquired a new stake in shares of American Century U.S. Quality Value ETF in the fourth quarter worth $340,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of American Century U.S. Quality Value ETF by 14.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,299 shares of the company’s stock worth $471,000 after buying an additional 918 shares during the period.

American Century U.S. Quality Value ETF Stock Performance

VALQ traded up $0.01 during trading on Tuesday, reaching $72.78. The company had a trading volume of 883 shares, compared to its average volume of 11,365. The firm’s 50-day simple moving average is $70.21 and its 200 day simple moving average is $68.31. The company has a market cap of $343.52 million, a price-to-earnings ratio of 17.16 and a beta of 0.81. American Century U.S. Quality Value ETF has a 12-month low of $62.30 and a 12-month high of $73.17.

American Century U.S. Quality Value ETF Company Profile

The American Century STOXX U.S. Quality Value ETF (VALQ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US companies that are selected and weighted based on value and income characteristics. VALQ was launched on Jan 11, 2018 and is managed by American Century Investments.