SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Sees Large Increase in Short Interest

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 36,896 shares, an increase of 982.3% from the April 15th total of 3,409 shares. Based on an average daily trading volume, of 15,475 shares, the short-interest ratio is currently 2.4 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Several hedge funds have recently made changes to their positions in the stock. MMA Asset Management LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter worth about $29,000. Cornerstone Planning Group LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter worth about $38,000. Northwestern Mutual Wealth Management Co. bought a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter worth about $40,000. Triumph Capital Management bought a new position in SPDR MSCI USA StrategicFactors ETF during the third quarter worth about $54,000. Finally, Empowered Funds LLC bought a new position in SPDR MSCI USA StrategicFactors ETF during the fourth quarter worth about $94,000.

SPDR MSCI USA StrategicFactors ETF Price Performance

Shares of NYSEARCA QUS traded up $0.37 during mid-day trading on Wednesday, hitting $183.40. The company had a trading volume of 12,559 shares, compared to its average volume of 32,068. The business’s 50-day simple moving average is $176.84 and its 200-day simple moving average is $175.76. SPDR MSCI USA StrategicFactors ETF has a 12 month low of $156.19 and a 12 month high of $183.59. The firm has a market cap of $1.49 billion, a P/E ratio of 22.46 and a beta of 0.84.

SPDR MSCI USA StrategicFactors ETF Company Profile

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.