Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 4,798 shares, a drop of 49.0% from the March 15th total of 9,404 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 17,513 shares, the days-to-cover ratio is currently 0.3 days.
Alpha Architect International Quantitative Momentum ETF Price Performance
NASDAQ IMOM traded up $0.47 during midday trading on Tuesday, hitting $43.98. 10,672 shares of the company traded hands, compared to its average volume of 23,820. The company has a market cap of $149.53 million, a PE ratio of 23.34 and a beta of 0.93. The company’s 50-day simple moving average is $42.22 and its 200-day simple moving average is $39.58. Alpha Architect International Quantitative Momentum ETF has a 52 week low of $28.12 and a 52 week high of $45.40.
Institutional Trading of Alpha Architect International Quantitative Momentum ETF
Several hedge funds and other institutional investors have recently bought and sold shares of IMOM. Flow Traders U.S. LLC bought a new stake in Alpha Architect International Quantitative Momentum ETF during the 3rd quarter valued at $777,000. Baker Boyer National Bank boosted its position in Alpha Architect International Quantitative Momentum ETF by 2.4% during the 4th quarter. Baker Boyer National Bank now owns 84,952 shares of the company’s stock valued at $3,238,000 after acquiring an additional 2,028 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in Alpha Architect International Quantitative Momentum ETF during the 4th quarter valued at $353,000.
About Alpha Architect International Quantitative Momentum ETF
The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.
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