Short Interest in iShares MSCI USA Quality GARP ETF (BATS:GARP) Decreases By 62.6%

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 32,374 shares, a decrease of 62.6% from the June 15th total of 86,534 shares. Based on an average daily volume of 307,671 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of GARP opened at $81.48 on Monday. iShares MSCI USA Quality GARP ETF has a 52-week low of $60.01 and a 52-week high of $83.40. The company has a 50-day simple moving average of $79.38 and a 200-day simple moving average of $72.25. The company has a market capitalization of $684.43 million, a PE ratio of 29.61 and a beta of 1.14.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Institutional investors have recently modified their holdings of the company. Resonant Capital Advisors LLC purchased a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter valued at approximately $50,190,000. Independent Financial Group LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the first quarter valued at $20,542,000. Great Valley Advisor Group Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 1,027.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after buying an additional 300,649 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares MSCI USA Quality GARP ETF by 29.5% in the fourth quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock valued at $89,617,000 after buying an additional 299,858 shares in the last quarter. Finally, Insight Wealth Strategies LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the 2nd quarter worth $20,911,000.

About iShares MSCI USA Quality GARP ETF

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.