Short Interest in SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Increases By 31.3%

SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 20,612 shares, a growth of 31.3% from the February 26th total of 15,695 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 28,055 shares, the days-to-cover ratio is currently 0.7 days.

SPDR MSCI USA StrategicFactors ETF Trading Down 1.3%

QUS stock traded down $2.25 during trading on Friday, hitting $168.33. 13,178 shares of the stock traded hands, compared to its average volume of 25,171. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 22.46 and a beta of 0.89. SPDR MSCI USA StrategicFactors ETF has a one year low of $137.58 and a one year high of $181.08. The company has a 50 day simple moving average of $176.81 and a 200 day simple moving average of $174.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Great Point Wealth Advisors LLC bought a new stake in SPDR MSCI USA StrategicFactors ETF during the 3rd quarter worth approximately $15,220,000. Hershey Financial Advisers LLC bought a new position in SPDR MSCI USA StrategicFactors ETF in the 2nd quarter valued at $1,061,000. Goodman Advisory Group LLC raised its position in SPDR MSCI USA StrategicFactors ETF by 7,076.6% in the 2nd quarter. Goodman Advisory Group LLC now owns 47,222 shares of the company’s stock valued at $7,702,000 after purchasing an additional 46,564 shares during the last quarter. Cetera Investment Advisers boosted its stake in SPDR MSCI USA StrategicFactors ETF by 13.2% in the second quarter. Cetera Investment Advisers now owns 9,694 shares of the company’s stock worth $1,581,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Marotta Asset Management boosted its stake in SPDR MSCI USA StrategicFactors ETF by 6.1% in the fourth quarter. Marotta Asset Management now owns 57,571 shares of the company’s stock worth $10,028,000 after purchasing an additional 3,320 shares in the last quarter.

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.