Short Interest in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Declines By 64.7%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,646 shares, a decline of 64.7% from the June 30th total of 7,500 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 35,994 shares, the days-to-cover ratio is currently 0.1 days.

SPDR MSCI USA StrategicFactors ETF Trading Up 0.8%

NYSEARCA QUS traded up $1.59 on Tuesday, hitting $189.87. 18,969 shares of the stock traded hands, compared to its average volume of 27,228. The stock has a 50-day moving average of $186.26 and a 200 day moving average of $180.68. SPDR MSCI USA StrategicFactors ETF has a twelve month low of $161.09 and a twelve month high of $190.38. The company has a market capitalization of $1.54 billion, a P/E ratio of 22.46 and a beta of 0.83.

Institutional Investors Weigh In On SPDR MSCI USA StrategicFactors ETF

Institutional investors have recently made changes to their positions in the company. Sfmg LLC lifted its stake in SPDR MSCI USA StrategicFactors ETF by 0.6% during the fourth quarter. Sfmg LLC now owns 527,047 shares of the company’s stock worth $91,804,000 after purchasing an additional 3,069 shares during the last quarter. Bank of America Corp DE increased its stake in SPDR MSCI USA StrategicFactors ETF by 94.7% during the second quarter. Bank of America Corp DE now owns 394,815 shares of the company’s stock valued at $64,390,000 after purchasing an additional 192,062 shares during the last quarter. LPL Financial LLC increased its stake in SPDR MSCI USA StrategicFactors ETF by 7.6% during the fourth quarter. LPL Financial LLC now owns 333,050 shares of the company’s stock valued at $58,012,000 after purchasing an additional 23,402 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 180,293 shares of the company’s stock worth $29,401,000 after purchasing an additional 11,667 shares during the period. Finally, Garrett Wealth Advisory Group LLC raised its holdings in shares of SPDR MSCI USA StrategicFactors ETF by 2.3% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 178,546 shares of the company’s stock worth $31,100,000 after purchasing an additional 4,057 shares during the period.

About SPDR MSCI USA StrategicFactors ETF

The SPDR MSCI USA StrategicFactors ETF (QUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks comprising three equally weighted subindexes with value, quality and minimum volatility factor strategies. QUS was launched on Apr 16, 2015 and is managed by State Street.