iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Large Decline in Short Interest

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 232,809 shares, a decrease of 44.3% from the July 30th total of 418,166 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 279,846 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its position in iShares MSCI Intl Momentum Factor ETF by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock valued at $1,096,396,000 after purchasing an additional 1,132,648 shares during the period. Ritholtz Wealth Management grew its position in iShares MSCI Intl Momentum Factor ETF by 8.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock worth $82,725,000 after purchasing an additional 129,644 shares during the period. Morgan Stanley raised its stake in iShares MSCI Intl Momentum Factor ETF by 18.1% during the 4th quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock valued at $61,853,000 after buying an additional 197,707 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI Intl Momentum Factor ETF by 29.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock valued at $48,956,000 after buying an additional 231,394 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 840,894 shares of the company’s stock valued at $40,256,000 after buying an additional 263,146 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of iShares MSCI Intl Momentum Factor ETF stock traded down $0.28 during trading on Tuesday, hitting $52.98. 358,393 shares of the company’s stock traded hands, compared to its average volume of 543,745. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $45.61 and a 1 year high of $54.79. The business has a 50-day simple moving average of $52.84 and a 200-day simple moving average of $51.83. The stock has a market capitalization of $4.22 billion, a P/E ratio of 17.95 and a beta of 0.81.

iShares MSCI Intl Momentum Factor ETF Company Profile

The iShares MSCI Intl Momentum Factor ETF (IMTM) is an exchange-traded fund that is based on the MSCI World ex USA Momentum index. The fund tracks an index of large- and mid-cap stocks from developed countries, ex-US. The momentum-selected stocks are weighted by market cap and momentum. IMTM was launched on Jan 13, 2015 and is managed by BlackRock.