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

iShares MSCI USA Quality GARP ETF (BATS:GARP) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 52,530 shares, an increase of 62.3% from the June 30th total of 32,374 shares. Based on an average daily trading volume, of 299,720 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GARP. Allworth Financial LP bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter worth about $33,000. Sankala Group LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the 4th quarter worth about $38,000. Assetmark Inc. bought a new position in iShares MSCI USA Quality GARP ETF during the 4th quarter valued at about $42,000. New England Capital Financial Advisors LLC bought a new position in iShares MSCI USA Quality GARP ETF during the 1st quarter valued at about $65,000. Finally, Bank of Montreal Can boosted its position in iShares MSCI USA Quality GARP ETF by 180.4% in the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after buying an additional 626 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

iShares MSCI USA Quality GARP ETF stock opened at $79.50 on Friday. The company has a market capitalization of $667.80 million, a PE ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a one year low of $60.01 and a one year high of $83.40. The business has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $73.31.

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.