iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 235,408 shares, a drop of 70.4% from the September 30th total of 795,412 shares. Based on an average daily volume of 431,663 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.
Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF
Several large investors have recently added to or reduced their stakes in IMTM. Bank of America Corp DE lifted its stake in iShares MSCI Intl Momentum Factor ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock valued at $35,161,000 after acquiring an additional 23,744 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock valued at $35,865,000 after buying an additional 66,596 shares in the last quarter. Acropolis Investment Management LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $33,975,000. Shore Point Advisors LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $26,025,000. Finally, Janney Montgomery Scott LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock valued at $22,994,000 after acquiring an additional 22,111 shares during the period.
iShares MSCI Intl Momentum Factor ETF Trading Up 1.0%
IMTM opened at $51.47 on Wednesday. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.97 and a 1-year high of $54.79. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The company’s fifty day moving average price is $52.85 and its two-hundred day moving average price is $51.86.
iShares MSCI Intl Momentum Factor ETF Company Profile
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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