American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) Sees Significant Growth in Short Interest

by · The Cerbat Gem

American Century U.S. Quality Growth ETF (NYSEARCA:QGRO – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 44,522 shares, an increase of 31.4% from the December 15th total of 33,878 shares. Based on an average daily trading volume, of 85,309 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 85,309 shares, the days-to-cover ratio is presently 0.5 days.

American Century U.S. Quality Growth ETF Stock Down 0.7%

American Century U.S. Quality Growth ETF stock traded down $0.78 during trading hours on Friday, hitting $115.00. The stock had a trading volume of 96,169 shares, compared to its average volume of 105,288. The company has a 50-day moving average of $114.56 and a two-hundred day moving average of $112.79. American Century U.S. Quality Growth ETF has a fifty-two week low of $80.25 and a fifty-two week high of $117.81. The company has a market cap of $2.30 billion, a PE ratio of 32.09 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gilbert Capital Group Inc. bought a new position in shares of American Century U.S. Quality Growth ETF in the second quarter valued at about $4,971,000. Hershey Financial Advisers LLC bought a new position in shares of American Century U.S. Quality Growth ETF in the second quarter worth about $540,000. D.A. Davidson & CO. bought a new position in shares of American Century U.S. Quality Growth ETF in the third quarter worth about $3,278,000. Beacon Financial Advisory LLC lifted its position in shares of American Century U.S. Quality Growth ETF by 126.6% during the third quarter. Beacon Financial Advisory LLC now owns 14,714 shares of the company’s stock worth $1,683,000 after purchasing an additional 8,222 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its stake in shares of American Century U.S. Quality Growth ETF by 160.0% during the second quarter. Cozad Asset Management Inc. now owns 12,315 shares of the company’s stock valued at $1,344,000 after purchasing an additional 7,578 shares during the last quarter.

American Century U.S. Quality Growth ETF Company Profile

(Get Free Report)

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.

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