Short Interest in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Declines By 15.4%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 32,059 shares, a drop of 15.4% from the February 12th total of 37,888 shares. Based on an average trading volume of 18,634 shares, the short-interest ratio is currently 1.7 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 18,634 shares, the short-interest ratio is currently 1.7 days.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

Shares of QMOM traded up $0.84 during midday trading on Monday, reaching $68.99. The stock had a trading volume of 2,038 shares, compared to its average volume of 21,163. The company has a market capitalization of $362.89 million, a P/E ratio of 27.79 and a beta of 1.06. The firm’s 50 day moving average price is $70.12 and its 200-day moving average price is $66.72. Alpha Architect U.S. Quantitative Momentum ETF has a 52 week low of $49.78 and a 52 week high of $74.03.

Alpha Architect U.S. Quantitative Momentum ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a $0.3541 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QMOM. Sankala Group LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter valued at about $650,000. Advantage Trust Co increased its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 20.6% in the third quarter. Advantage Trust Co now owns 42,513 shares of the company’s stock worth $2,740,000 after acquiring an additional 7,264 shares in the last quarter. Opal Capital LLC acquired a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter valued at approximately $300,000. Finally, Baker Boyer National Bank lifted its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 3.6% in the 3rd quarter. Baker Boyer National Bank now owns 16,994 shares of the company’s stock valued at $1,095,000 after acquiring an additional 589 shares in the last quarter.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

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.