iShares MSCI USA Quality Factor ETF (BATS:QUAL) Short Interest Down 83.1% in June

iShares MSCI USA Quality Factor ETF (BATS:QUAL) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 640,514 shares, a drop of 83.1% from the May 31st total of 3,798,075 shares. Based on an average daily trading volume, of 1,738,169 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

iShares MSCI USA Quality Factor ETF Stock Up 0.2%

Shares of QUAL opened at $213.66 on Friday. The stock’s 50-day moving average price is $212.03 and its 200 day moving average price is $204.17. iShares MSCI USA Quality Factor ETF has a 12-month low of $180.66 and a 12-month high of $219.82. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in iShares MSCI USA Quality Factor ETF by 36.9% in the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after buying an additional 2,357,971 shares during the period. Two Sigma Investments LP increased its stake in iShares MSCI USA Quality Factor ETF by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock valued at $375,735,000 after acquiring an additional 964,500 shares during the period. Goldman Sachs Group Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 403.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock valued at $220,005,000 after acquiring an additional 887,478 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in iShares MSCI USA Quality Factor ETF by 79.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,764,425 shares of the company’s stock worth $350,450,000 after purchasing an additional 778,465 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its position in iShares MSCI USA Quality Factor ETF by 132.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,044,546 shares of the company’s stock worth $203,164,000 after purchasing an additional 595,017 shares in the last quarter.

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.