Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Sees Large Decline in Short Interest

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 18,045 shares, a drop of 70.6% from the April 30th total of 61,396 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,656 shares, the short-interest ratio is currently 1.0 days.

Alpha Architect International Quantitative Momentum ETF Trading Up 0.2%

NASDAQ:IMOM opened at $45.83 on Friday. Alpha Architect International Quantitative Momentum ETF has a twelve month low of $31.73 and a twelve month high of $46.17. The company’s 50-day moving average price is $43.15 and its 200-day moving average price is $41.40. The company has a market cap of $159.03 million, a P/E ratio of 23.34 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IMOM. Flow Traders U.S. LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 3rd quarter worth $777,000. Worth Asset Management LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 1st quarter worth $403,000. Sankala Group LLC purchased a new position in shares of Alpha Architect International Quantitative Momentum ETF during the 4th quarter worth $353,000. Finally, Baker Boyer National Bank raised its holdings 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 worth $3,238,000 after acquiring an additional 2,028 shares during the period.

Alpha Architect International Quantitative Momentum ETF Company Profile

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.