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

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

American Century U.S. Quality Value ETF Trading Down 0.2%

American Century U.S. Quality Value ETF stock traded down $0.14 during midday trading on Wednesday, reaching $66.47. The stock had a trading volume of 6,780 shares, compared to its average volume of 15,884. American Century U.S. Quality Value ETF has a 12 month low of $59.64 and a 12 month high of $70.07. The company has a market capitalization of $305.76 million, a P/E ratio of 17.16 and a beta of 0.81. The company has a fifty day moving average price of $65.92 and a two-hundred day moving average price of $66.48.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of American Century U.S. Quality Value ETF in the 2nd quarter worth approximately $132,000. Farther Finance Advisors LLC purchased a new position in shares of American Century U.S. Quality Value ETF in the 4th quarter worth approximately $230,000. Rubicon Advisors GP purchased a new position in shares of American Century U.S. Quality Value ETF in the 4th quarter worth approximately $340,000. Royal Bank of Canada boosted its stake in shares of American Century U.S. Quality Value ETF by 50.8% in the 1st quarter. Royal Bank of Canada now owns 5,410 shares of the company’s stock worth $329,000 after buying an additional 1,823 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Century U.S. Quality Value ETF by 14.4% in 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.

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.