iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sees Large Increase in Short Interest

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 600,092 shares, an increase of 86.1% from the September 30th total of 322,434 shares. Based on an average trading volume of 1,021,651 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QUAL. Sawyer & Company Inc purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $28,000. Kings Path Partners LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the third quarter worth about $33,000. Indiana Trust & Investment Management Co lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1,500.0% in the first quarter. Indiana Trust & Investment Management Co now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. First Community Trust NA purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $40,000. Finally, Strive Financial Group LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1,730.0% in the second quarter. Strive Financial Group LLC now owns 183 shares of the company’s stock valued at $40,000 after purchasing an additional 173 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $222.01 on Tuesday. The stock has a market capitalization of $64.37 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business has a 50-day moving average of $223.24 and a 200 day moving average of $212.64. iShares MSCI USA Quality Factor ETF has a 12 month low of $185.88 and a 12 month high of $228.13.

iShares MSCI USA Quality Factor ETF shares are scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.