Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 10,686 shares, a drop of 39.7% from the July 30th total of 17,710 shares. Based on an average daily volume of 15,419 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On Alpha Architect International Quantitative Momentum ETF
Several large investors have recently added to or reduced their stakes in the company. Sankala Group LLC bought a new position in shares of Alpha Architect International Quantitative Momentum ETF in the fourth quarter worth approximately $353,000. Worth Asset Management LLC bought a new stake in shares of Alpha Architect International Quantitative Momentum ETF during the 1st quarter valued at $403,000. Flow Traders U.S. LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 3rd quarter valued at $777,000. Finally, Baker Boyer National Bank lifted its stake in shares of 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 buying an additional 2,028 shares in the last quarter.
Alpha Architect International Quantitative Momentum ETF Stock Up 0.4%
NASDAQ:IMOM traded up $0.17 during mid-day trading on Wednesday, hitting $40.77. 7,267 shares of the company traded hands, compared to its average volume of 19,344. The stock’s fifty day moving average price is $41.59 and its 200-day moving average price is $42.73. The firm has a market cap of $156.15 million, a price-to-earnings ratio of 23.34 and a beta of 0.95. Alpha Architect International Quantitative Momentum ETF has a one year low of $34.26 and a one year high of $46.17.
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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