SRH U.S. Quality GARP ETF (NYSEARCA:SRHQ) Sees Significant Decrease in Short Interest

SRH U.S. Quality GARP ETF (NYSEARCA:SRHQ) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,638 shares, a drop of 45.2% from the July 30th total of 4,814 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,149 shares, the days-to-cover ratio is presently 2.3 days.

SRH U.S. Quality GARP ETF Trading Down 0.4%

NYSEARCA SRHQ traded down $0.18 during trading on Friday, hitting $49.99. 188 shares of the company’s stock were exchanged, compared to its average volume of 637. The company has a market cap of $219.96 million, a PE ratio of 20.10 and a beta of 0.84. SRH U.S. Quality GARP ETF has a fifty-two week low of $37.22 and a fifty-two week high of $50.36. The stock’s 50 day moving average price is $47.84 and its two-hundred day moving average price is $44.33.

SRH U.S. Quality GARP ETF Company Profile

The SRH U.S. Quality ETF (SRHQ) is an exchange-traded fund that is based on the SRH US Quality index. The fund tracks an equally weighted index of US large-cap stocks screened based on three fundamental factors: value, growth, and quality. SRHQ was launched on Oct 5, 2022 and is managed by SRH.