American Century U.S. Quality Value ETF (NYSEARCA:VALQ) Sees Large Increase in Short Interest

American Century U.S. Quality Value ETF (NYSEARCA:VALQ) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 47,714 shares, a growth of 288.9% from the April 15th total of 12,269 shares. Based on an average daily trading volume, of 11,297 shares, the short-interest ratio is presently 4.2 days. Currently, 1.0% of the shares of the company are sold short.

American Century U.S. Quality Value ETF Price Performance

VALQ traded down $0.27 during trading on Friday, reaching $66.49. 5,503 shares of the company’s stock were exchanged, compared to its average volume of 15,653. American Century U.S. Quality Value ETF has a 1 year low of $59.64 and a 1 year high of $70.07. The stock has a market capitalization of $305.85 million, a P/E ratio of 17.16 and a beta of 0.81. The company’s fifty day simple moving average is $65.89 and its 200-day simple moving average is $66.49.

Hedge Funds Weigh In On American Century U.S. Quality Value ETF

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in American Century U.S. Quality Value ETF by 14.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 7,299 shares of the company’s stock worth $471,000 after buying an additional 918 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of American Century U.S. Quality Value ETF by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 15,246 shares of the company’s stock worth $946,000 after purchasing an additional 1,068 shares during the period. Bank of America Corp DE grew its stake in shares of American Century U.S. Quality Value ETF by 11.9% during the 3rd quarter. Bank of America Corp DE now owns 12,801 shares of the company’s stock worth $825,000 after purchasing an additional 1,362 shares during the period. Royal Bank of Canada increased its holdings in American Century U.S. Quality Value ETF by 50.8% in the first quarter. Royal Bank of Canada now owns 5,410 shares of the company’s stock valued at $329,000 after buying an additional 1,823 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Century U.S. Quality Value ETF during the 2nd quarter valued at about $132,000.

About American Century U.S. Quality Value ETF

The American Century STOXX U.S. Quality Value ETF (VALQ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US companies that are selected and weighted based on value and income characteristics. VALQ was launched on Jan 11, 2018 and is managed by American Century Investments.