iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Significant Increase in Short Interest

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 795,412 shares, an increase of 399.0% from the September 15th total of 159,413 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 290,869 shares, the days-to-cover ratio is presently 2.7 days.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.2%

NYSEARCA:IMTM traded down $0.12 during trading hours on Monday, reaching $52.18. 296,241 shares of the company were exchanged, compared to its average volume of 514,197. The stock’s 50-day moving average is $53.37 and its 200-day moving average is $52.39. The firm has a market cap of $4.24 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $45.97 and a twelve month high of $54.79.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter worth approximately $31,000. Parkside Financial Bank & Trust raised its stake in iShares MSCI Intl Momentum Factor ETF by 194.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after purchasing an additional 787 shares during the last quarter. Sankala Group LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $82,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $126,000.

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.