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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of American Century U.S. Quality Value ETF by 14.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 7,299 shares of the company’s stock valued at $471,000 after buying an additional 918 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of American Century U.S. Quality Value ETF by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 15,246 shares of the company’s stock valued at $946,000 after buying an additional 1,068 shares in the last quarter. Bank of America Corp DE lifted its stake in American Century U.S. Quality Value ETF by 11.9% in the 3rd quarter. Bank of America Corp DE now owns 12,801 shares of the company’s stock worth $825,000 after purchasing an additional 1,362 shares in the last quarter. Royal Bank of Canada lifted its stake in 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 purchasing an additional 1,823 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in American Century U.S. Quality Value ETF in the 2nd quarter worth $132,000.

American Century U.S. Quality Value ETF Stock Performance

VALQ stock traded down $0.14 during midday trading on Wednesday, reaching $66.47. 6,780 shares of the company’s stock traded hands, compared to its average volume of 15,884. The company has a 50-day moving average price of $65.92 and a two-hundred day moving average price of $66.48. American Century U.S. Quality Value ETF has a 52 week low of $59.64 and a 52 week high of $70.07. The firm has a market capitalization of $305.76 million, a PE ratio of 17.16 and a beta of 0.81.

About American Century U.S. Quality Value ETF

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.