iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Update

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 704,516 shares, an increase of 905.6% from the April 15th total of 70,061 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 491,065 shares, the days-to-cover ratio is presently 1.4 days.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of NYSEARCA IMTM traded down $0.68 during midday trading on Tuesday, reaching $52.34. 137,575 shares of the stock were exchanged, compared to its average volume of 673,348. The business has a 50-day simple moving average of $50.11 and a two-hundred day simple moving average of $49.58. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $42.67 and a 12 month high of $53.21.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several institutional investors have recently added to or reduced their stakes in IMTM. Blue Trust Inc. bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at $31,000. MAI Capital Management increased its stake in iShares MSCI Intl Momentum Factor ETF by 245.1% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 478 shares during the last quarter. Rothschild Investment LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $32,000. Finally, CWM LLC increased its stake in iShares MSCI Intl Momentum Factor ETF by 872.9% in the 4th quarter. CWM LLC now owns 827 shares of the company’s stock valued at $40,000 after buying an additional 742 shares during the last quarter.

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.