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

American Century U.S. Quality Value ETF (NYSEARCA:VALQ) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,546 shares, a drop of 89.0% from the October 15th total of 14,069 shares. Based on an average trading volume of 192,216 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC bought a new stake in shares of American Century U.S. Quality Value ETF in the third quarter valued at approximately $44,252,000. HighTower Advisors LLC bought a new position in American Century U.S. Quality Value ETF during the 3rd quarter worth $680,000. Mesirow Financial Investment Management Inc. acquired a new position in American Century U.S. Quality Value ETF in the 3rd quarter valued at $209,000. Beam Wealth Advisors Inc. raised its holdings in American Century U.S. Quality Value ETF by 18.2% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 17,347 shares of the company’s stock valued at $1,208,000 after acquiring an additional 2,675 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in American Century U.S. Quality Value ETF by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 924,716 shares of the company’s stock valued at $64,463,000 after acquiring an additional 51,747 shares in the last quarter.

American Century U.S. Quality Value ETF Price Performance

American Century U.S. Quality Value ETF stock traded down $0.34 during midday trading on Thursday, hitting $72.67. The company’s stock had a trading volume of 5,561 shares, compared to its average volume of 19,350. American Century U.S. Quality Value ETF has a 1-year low of $62.30 and a 1-year high of $73.74. The company has a 50-day moving average price of $71.32 and a two-hundred day moving average price of $69.18. The company has a market cap of $194.03 million, a price-to-earnings ratio of 17.16 and a beta of 0.81.

American Century U.S. Quality Value ETF Company Profile

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.