Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Get Free Report) was the recipient 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. Based on an average daily volume of 15,157 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.
Alpha Architect U.S. Quantitative Momentum ETF Stock Performance
NASDAQ:QMOM traded down $2.15 during midday trading on Friday, reaching $73.08. 10,588 shares of the stock traded hands, compared to its average volume of 23,654. The stock has a market capitalization of $418.75 million, a P/E ratio of 27.79 and a beta of 1.07. The company has a fifty day moving average of $76.00 and a 200 day moving average of $74.69. Alpha Architect U.S. Quantitative Momentum ETF has a 12 month low of $60.24 and a 12 month high of $81.95.
Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Momentum ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF during the first quarter worth about $58,000. Opal Capital LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at approximately $300,000. Sankala Group LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at approximately $650,000. Baker Boyer National Bank lifted 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 buying an additional 199 shares during the period. Finally, Stillwater Private Wealth LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the 1st quarter worth approximately $1,420,000.
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.
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