iShares MSCI USA Quality GARP ETF (BATS:GARP) Sees Large Growth in Short Interest

iShares MSCI USA Quality GARP ETF (BATS:GARPGet Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 52,530 shares, an increase of 62.3% from the June 30th total of 32,374 shares. Based on an average daily trading volume, of 299,720 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the 4th quarter valued at approximately $33,000. Sankala Group LLC bought a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $38,000. Assetmark Inc. bought a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $42,000. Bank of Montreal Can boosted its position in iShares MSCI USA Quality GARP ETF by 180.4% in the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after buying an additional 626 shares in the last quarter. Finally, New England Capital Financial Advisors LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the first quarter valued at approximately $65,000.

iShares MSCI USA Quality GARP ETF Stock Up 3.0%

BATS:GARP opened at $78.98 on Friday. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.01 and a twelve month high of $83.40. The stock’s 50-day simple moving average is $80.19 and its 200 day simple moving average is $73.26. The firm has a market capitalization of $663.43 million, a PE ratio of 29.61 and a beta of 1.14.

About iShares MSCI USA Quality GARP ETF

(Get Free Report)

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.

Further Reading

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