Short Interest in Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Declines By 39.7%

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) saw a large drop in short interest in 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 short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IMOM. Worth Asset Management LLC purchased a new stake in Alpha Architect International Quantitative Momentum ETF during the first quarter valued at about $403,000. Sankala Group LLC purchased a new position in Alpha Architect International Quantitative Momentum ETF during the fourth quarter valued at approximately $353,000. Baker Boyer National Bank grew 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 valued at $3,238,000 after acquiring an additional 2,028 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Alpha Architect International Quantitative Momentum ETF in the third quarter valued at about $777,000.

Alpha Architect International Quantitative Momentum ETF Stock Performance

Shares of NASDAQ IMOM remained flat at $41.38 during midday trading on Monday. 3,603 shares of the company were exchanged, compared to its average volume of 19,587. The stock has a 50 day moving average price of $41.71 and a 200 day moving average price of $42.77. Alpha Architect International Quantitative Momentum ETF has a twelve month low of $33.92 and a twelve month high of $46.17. The stock has a market capitalization of $158.49 million, a P/E ratio of 23.34 and a beta of 0.95.

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.