iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 933,278 shares, a decrease of 58.2% from the July 15th total of 2,235,327 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,128,118 shares, the short-interest ratio is presently 0.4 days.
iShares MSCI USA Momentum Factor ETF Trading Up 0.4%
BATS:MTUM opened at $317.21 on Friday. The firm has a market capitalization of $23.16 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm’s fifty day simple moving average is $316.54 and its 200 day simple moving average is $285.30.
Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF
Hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares during the last quarter. Corient Private Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, State of Michigan Retirement System increased its position in iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after buying an additional 52,800 shares during the period.
About iShares MSCI USA Momentum Factor ETF
The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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