SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Short Interest Down 61.1% in May

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 10,544 shares, a decline of 61.1% from the May 14th total of 27,109 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 14,144 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On SPDR MSCI USA StrategicFactors ETF

A number of large investors have recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the 1st quarter worth approximately $275,000. NewEdge Advisors LLC grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 7.1% in the 2nd quarter. NewEdge Advisors LLC now owns 36,337 shares of the company’s stock worth $5,926,000 after buying an additional 2,405 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 31.9% in the 2nd quarter. Raymond James Financial Inc. now owns 140,287 shares of the company’s stock worth $22,879,000 after buying an additional 33,967 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock worth $29,401,000 after buying an additional 11,667 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of SPDR MSCI USA StrategicFactors ETF by 94.7% in the 2nd quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock worth $64,390,000 after buying an additional 192,062 shares during the last quarter.

SPDR MSCI USA StrategicFactors ETF Price Performance

SPDR MSCI USA StrategicFactors ETF stock traded up $0.78 during trading hours on Friday, reaching $185.35. The company had a trading volume of 13,688 shares, compared to its average volume of 28,912. The company has a 50-day moving average price of $181.75 and a 200 day moving average price of $177.80. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.46 and a beta of 0.83. SPDR MSCI USA StrategicFactors ETF has a 12-month low of $157.69 and a 12-month high of $187.29.

SPDR MSCI USA StrategicFactors ETF Company Profile

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.