iShares MSCI USA Quality GARP ETF (BATS:GARP) Short Interest Update

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 68,066 shares, a drop of 33.2% from the July 30th total of 101,843 shares. Based on an average daily volume of 368,951 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF

A number of hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the second quarter valued at $33,000. Allworth Financial LP acquired a new stake in iShares MSCI USA Quality GARP ETF during the 4th quarter worth about $33,000. Sankala Group LLC acquired a new stake in iShares MSCI USA Quality GARP ETF during the 4th quarter worth about $38,000. Bank of Montreal Can raised its position in shares of iShares MSCI USA Quality GARP ETF by 180.4% in the 4th quarter. Bank of Montreal Can now owns 973 shares of the company’s stock worth $66,000 after acquiring an additional 626 shares in the last quarter. Finally, New England Capital Financial Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $65,000.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of BATS GARP opened at $82.22 on Wednesday. The company has a market capitalization of $690.65 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52-week low of $61.03 and a 52-week high of $85.48. The company’s 50 day moving average price is $81.44 and its 200-day moving average price is $75.50.

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.