Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) Sees Large Decrease in Short Interest

Hartford Multifactor US Equity ETF (NYSEARCA:ROUS) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,867 shares, a decline of 82.7% from the July 30th total of 51,111 shares. Based on an average daily trading volume, of 77,150 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROUS. Royal Bank of Canada raised its stake in Hartford Multifactor US Equity ETF by 313.5% during the first quarter. Royal Bank of Canada now owns 61,248 shares of the company’s stock valued at $3,107,000 after buying an additional 46,437 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Hartford Multifactor US Equity ETF during the first quarter valued at approximately $298,000. Jane Street Group LLC lifted its holdings in shares of Hartford Multifactor US Equity ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 5,795 shares of the company’s stock valued at $294,000 after buying an additional 1,830 shares during the period. NewEdge Advisors LLC lifted its holdings in Hartford Multifactor US Equity ETF by 18.4% in the second quarter. NewEdge Advisors LLC now owns 22,488 shares of the company’s stock valued at $1,207,000 after acquiring an additional 3,502 shares during the period. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Hartford Multifactor US Equity ETF by 32.2% in the second quarter. Main Street Financial Solutions LLC now owns 25,135 shares of the company’s stock worth $1,349,000 after buying an additional 6,121 shares during the last quarter.

Hartford Multifactor US Equity ETF Price Performance

Hartford Multifactor US Equity ETF stock traded down $0.03 during mid-day trading on Thursday, reaching $68.38. 34,620 shares of the company traded hands, compared to its average volume of 45,785. Hartford Multifactor US Equity ETF has a 52-week low of $55.20 and a 52-week high of $69.30. The firm’s 50 day moving average price is $67.20 and its 200 day moving average price is $64.16. The firm has a market capitalization of $717.99 million, a price-to-earnings ratio of 18.12 and a beta of 0.83.

About Hartford Multifactor US Equity ETF

The Hartford Multifactor US Equity ETF (ROUS) is an exchange-traded fund that is based on the Hartford Multi-factor Large Cap index. The fund tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others. ROUS was launched on Feb 25, 2015 and is managed by Hartford.