iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Stock Short Interest Falls 58.7%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 159,413 shares, a decline of 58.7% from the August 31st total of 385,930 shares. Based on an average daily trading volume, of 323,168 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Vise Technologies Inc. grew its holdings in iShares MSCI Intl Momentum Factor ETF by 170.4% during the fourth quarter. Vise Technologies Inc. now owns 220,175 shares of the company’s stock worth $10,562,000 after acquiring an additional 138,736 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 3.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 464,532 shares of the company’s stock valued at $22,283,000 after acquiring an additional 15,668 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter valued at about $12,102,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 231,394 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock worth $35,161,000 after purchasing an additional 23,744 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.4%

NYSEARCA:IMTM traded down $0.19 during midday trading on Tuesday, hitting $52.89. 230,155 shares of the stock were exchanged, compared to its average volume of 519,088. iShares MSCI Intl Momentum Factor ETF has a one year low of $45.97 and a one year high of $54.79. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The business has a 50-day moving average price of $53.23 and a two-hundred day moving average price of $52.10.

About iShares MSCI Intl Momentum Factor ETF

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.