SPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS) Short Interest Down 61.1% in May
by Amy Steele · The Cerbat GemSPDR MSCI USA StrategicFactors ETF (NYSEARCA:QUS – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 10,544 shares, a drop of 61.1% from the May 14th total of 27,109 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 14,144 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of SPDR MSCI USA StrategicFactors ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. Midwest Financial Network LLC boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 81.3% in the first quarter. Midwest Financial Network LLC now owns 21,689 shares of the company’s stock worth $3,723,000 after buying an additional 9,725 shares during the period. NewEdge Advisors LLC boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 2.3% in the first quarter. NewEdge Advisors LLC now owns 37,355 shares of the company’s stock worth $6,412,000 after buying an additional 823 shares during the period. January Capital Advisors LLC acquired a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the first quarter worth $506,000. Western Wealth Management LLC acquired a new stake in shares of SPDR MSCI USA StrategicFactors ETF in the first quarter worth $173,000. Finally, Paul R. Ried Financial Group LLC boosted its position in shares of SPDR MSCI USA StrategicFactors ETF by 4.4% in the first quarter. Paul R. Ried Financial Group LLC now owns 73,994 shares of the company’s stock worth $12,700,000 after buying an additional 3,133 shares during the period.
SPDR MSCI USA StrategicFactors ETF Price Performance
Shares of QUS traded up $0.78 during trading hours on Friday, hitting $185.35. 13,688 shares of the company were exchanged, compared to its average volume of 28,912. The company has a market capitalization of $1.51 billion, a PE ratio of 22.46 and a beta of 0.83. The firm has a fifty day simple moving average of $181.75 and a 200-day simple moving average of $177.80. SPDR MSCI USA StrategicFactors ETF has a one year low of $157.69 and a one year high of $187.29.
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.