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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 349,188 shares, a decline of 48.0% from the May 31st total of 671,058 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 522,935 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IMTM. Royal Bank of Canada lifted its position in iShares MSCI Intl Momentum Factor ETF by 25.1% in the 1st quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock valued at $1,934,000 after acquiring an additional 9,717 shares in the last quarter. AQR Capital Management LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at $224,000. Jones Financial Companies Lllp bought a new position in iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at $715,000. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 60.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after acquiring an additional 32,134 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after acquiring an additional 265 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.0%

Shares of IMTM traded down $0.01 during trading hours on Thursday, reaching $52.52. The stock had a trading volume of 349,631 shares, compared to its average volume of 616,603. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $44.32 and a 12 month high of $54.39. The firm has a 50-day simple moving average of $52.55 and a 200 day simple moving average of $50.86. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 17.95 and a beta of 0.80.

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.