Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Update

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QMOM. Sankala Group LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter valued at approximately $650,000. Baker Boyer National Bank raised its holdings in shares of 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 buying an additional 199 shares in the last quarter. Advantage Trust Co lifted its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 5.1% during the 4th quarter. Advantage Trust Co now owns 44,688 shares of the company’s stock worth $2,918,000 after buying an additional 2,175 shares during the period. Opal Capital LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter worth approximately $300,000. Finally, Parallel Advisors LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the 1st quarter valued at $58,000.

Alpha Architect U.S. Quantitative Momentum ETF Stock Up 0.6%

Alpha Architect U.S. Quantitative Momentum ETF stock traded up $0.50 on Tuesday, hitting $78.62. The company’s stock had a trading volume of 2,657 shares, compared to its average volume of 25,380. The firm has a market cap of $445.78 million, a P/E ratio of 27.79 and a beta of 1.05. The company has a fifty day moving average price of $77.97 and a 200-day moving average price of $72.37. Alpha Architect U.S. Quantitative Momentum ETF has a one year low of $60.24 and a one year high of $81.95.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

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.