Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Down 50.6% in June

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,409 shares, a decline of 50.6% from the May 31st total of 17,021 shares. Based on an average daily volume of 41,577 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter valued at approximately $300,000. Sankala Group LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth approximately $650,000. Baker Boyer National Bank boosted its stake 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 purchasing an additional 199 shares in the last quarter. Finally, Stillwater Private Wealth LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the 1st quarter worth approximately $1,420,000.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 1.8%

Shares of QMOM traded down $1.38 during midday trading on Wednesday, hitting $77.35. 34,761 shares of the company’s stock traded hands, compared to its average volume of 25,582. Alpha Architect U.S. Quantitative Momentum ETF has a 1 year low of $60.24 and a 1 year high of $81.95. The firm’s fifty day moving average is $78.02 and its 200-day moving average is $72.46. The stock has a market capitalization of $438.57 million, a price-to-earnings ratio of 27.79 and a beta of 1.05.

About Alpha Architect U.S. Quantitative Momentum ETF

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.