iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 224,543 shares, an increase of 80.0% from the April 15th total of 124,741 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 310,860 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth $33,000. Sankala Group LLC bought a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth $38,000. Root Financial Partners LLC bought a new position in iShares MSCI USA Quality GARP ETF during the third quarter worth $40,000. Assetmark Inc. bought a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth $42,000. Finally, Bank of Montreal Can lifted its stake in iShares MSCI USA Quality GARP ETF by 180.4% during the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock worth $66,000 after purchasing an additional 626 shares during the last quarter.
iShares MSCI USA Quality GARP ETF Stock Performance
iShares MSCI USA Quality GARP ETF stock opened at $76.77 on Monday. The stock has a market cap of $644.87 million, a P/E ratio of 29.61 and a beta of 1.14. The stock has a 50 day moving average of $69.52 and a 200-day moving average of $68.67. iShares MSCI USA Quality GARP ETF has a 52 week low of $55.43 and a 52 week high of $78.14.
iShares MSCI USA Quality GARP ETF Company Profile
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.
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