iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 264,354 shares, a decrease of 62.5% from the April 30th total of 704,516 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 497,119 shares, the days-to-cover ratio is currently 0.5 days.
iShares MSCI Intl Momentum Factor ETF Stock Performance
Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $52.86 on Friday. The firm has a market cap of $3.92 billion, a PE ratio of 17.95 and a beta of 0.81. The firm’s 50-day simple moving average is $50.98 and its 200-day simple moving average is $50.06. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $43.64 and a 1 year high of $53.60.
Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF
A number of institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 28.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock valued at $43,000 after acquiring an additional 198 shares during the period. Comerica Bank lifted its position in iShares MSCI Intl Momentum Factor ETF by 1.5% in the third quarter. Comerica Bank now owns 14,291 shares of the company’s stock worth $684,000 after purchasing an additional 208 shares during the period. WealthCare Investment Partners LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 3.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 6,270 shares of the company’s stock worth $305,000 after purchasing an additional 218 shares during the period. Kestra Advisory Services LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock worth $1,074,000 after purchasing an additional 243 shares during the period. Finally, Cerity Partners LLC lifted its position in iShares MSCI Intl Momentum Factor ETF by 2.2% in the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after purchasing an additional 265 shares during the period.
About iShares MSCI Intl Momentum Factor ETF
The iShares MSCI Intl Momentum Factor ETF (IMTM) is an exchange-traded fund that is based on the MSCI World ex USA Momentum index. The fund tracks an index of large- and mid-cap stocks from developed countries, ex-US. The momentum-selected stocks are weighted by market cap and momentum. IMTM was launched on Jan 13, 2015 and is managed by BlackRock.
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