Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,155 shares, a drop of 67.5% from the July 30th total of 31,222 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 15,157 shares, the short-interest ratio is currently 0.7 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in QMOM. Parallel Advisors LLC purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF during the 1st quarter worth $58,000. Opal Capital LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth $300,000. Sankala Group LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth $650,000. Baker Boyer National Bank raised its holdings in Alpha Architect U.S. Quantitative Momentum ETF by 1.2% in the 4th quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after purchasing an additional 199 shares during the period. Finally, Stillwater Private Wealth LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF during the first quarter valued at $1,420,000.
Alpha Architect U.S. Quantitative Momentum ETF Price Performance
Shares of NASDAQ:QMOM traded down $2.15 during trading on Friday, hitting $73.08. The company’s stock had a trading volume of 10,588 shares, compared to its average volume of 23,654. The company has a 50-day moving average of $75.89 and a 200-day moving average of $74.67. Alpha Architect U.S. Quantitative Momentum ETF has a 12 month low of $60.24 and a 12 month high of $81.95. The firm has a market cap of $418.75 million, a price-to-earnings ratio of 27.79 and a beta of 1.07.
About Alpha Architect U.S. Quantitative Momentum ETF
The Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an exchange-traded fund that is based on the QMOM-US – No underlying index. The fund is an active, equal-weighted portfolio of US stocks, screened for their strong and consistent momentum. QMOM was launched on Dec 2, 2015 and is issued by Alpha Architect.
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