American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) Stock Short Interest Falls 73.2%

American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 13,497 shares, a drop of 73.2% from the September 30th total of 50,362 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 70,021 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QGRO. Trademark Financial Management LLC raised its holdings in shares of American Century U.S. Quality Growth ETF by 3.0% in the 1st quarter. Trademark Financial Management LLC now owns 3,166 shares of the company’s stock valued at $333,000 after purchasing an additional 92 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its position in shares of American Century U.S. Quality Growth ETF by 2.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 4,442 shares of the company’s stock worth $503,000 after purchasing an additional 125 shares during the last quarter. Altar Rock LLC grew its stake in shares of American Century U.S. Quality Growth ETF by 0.8% during the second quarter. Altar Rock LLC now owns 23,494 shares of the company’s stock worth $2,773,000 after purchasing an additional 184 shares in the last quarter. Advantage Trust Co acquired a new position in shares of American Century U.S. Quality Growth ETF during the second quarter worth $34,000. Finally, PFG Investments LLC increased its holdings in American Century U.S. Quality Growth ETF by 14.1% in the first quarter. PFG Investments LLC now owns 2,477 shares of the company’s stock valued at $260,000 after buying an additional 306 shares during the last quarter.

American Century U.S. Quality Growth ETF Price Performance

Shares of American Century U.S. Quality Growth ETF stock traded down $0.41 on Thursday, reaching $117.64. 99,647 shares of the company were exchanged, compared to its average volume of 112,988. The stock’s 50 day moving average price is $117.51 and its 200-day moving average price is $114.15. American Century U.S. Quality Growth ETF has a 1-year low of $101.04 and a 1-year high of $121.01. The company has a market cap of $1.93 billion, a P/E ratio of 32.09 and a beta of 1.08.

American Century U.S. Quality Growth ETF Company Profile

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks. Holdings are selected and weighted by growth and quality factors. QGRO was launched on Sep 10, 2018 and is managed by American Century Investments.