American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) Stock Short Interest Declines 73.2%

American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 13,497 shares, a decrease of 73.2% from the September 30th total of 50,362 shares. Based on an average daily volume of 70,021 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On American Century U.S. Quality Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in American Century U.S. Quality Growth ETF by 631.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,646,166 shares of the company’s stock valued at $430,430,000 after buying an additional 3,147,747 shares during the last quarter. Next Level Private LLC boosted its position in shares of American Century U.S. Quality Growth ETF by 4.6% during the second quarter. Next Level Private LLC now owns 370,112 shares of the company’s stock worth $43,692,000 after acquiring an additional 16,280 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of American Century U.S. Quality Growth ETF by 12.4% in the first quarter. Procyon Advisors LLC now owns 342,865 shares of the company’s stock valued at $36,011,000 after purchasing an additional 37,799 shares in the last quarter. Intrua Financial LLC boosted its stake in American Century U.S. Quality Growth ETF by 4.1% during the first quarter. Intrua Financial LLC now owns 313,720 shares of the company’s stock worth $32,950,000 after buying an additional 12,373 shares during the period. Finally, Sherrill & Hutchins Financial Advisory Inc raised its holdings in shares of American Century U.S. Quality Growth ETF by 2.3% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 312,589 shares of the company’s stock worth $36,645,000 after buying an additional 6,975 shares during the period.

American Century U.S. Quality Growth ETF Price Performance

American Century U.S. Quality Growth ETF stock traded down $2.85 during mid-day trading on Friday, reaching $114.80. 57,874 shares of the company were exchanged, compared to its average volume of 112,714. The company has a fifty day simple moving average of $117.51 and a 200-day simple moving average of $114.15. The firm has a market cap of $1.88 billion, a PE ratio of 32.09 and a beta of 1.08. American Century U.S. Quality Growth ETF has a 12 month low of $101.04 and a 12 month high of $121.01.

About American Century U.S. Quality Growth ETF

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.