Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 21,691 shares, a growth of 113.6% from the August 15th total of 10,155 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 16,511 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Trading of Alpha Architect U.S. Quantitative Momentum ETF
Institutional investors have recently bought and sold shares of the company. Stillwater Private Wealth LLC purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter valued at $1,420,000. Parallel Advisors LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF during the 1st quarter valued at about $58,000. Sankala Group LLC acquired a new position in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter worth about $650,000. Finally, Opal Capital LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $300,000.
Alpha Architect U.S. Quantitative Momentum ETF Stock Performance
QMOM stock traded down $0.87 during trading on Monday, reaching $72.53. 12,785 shares of the company were exchanged, compared to its average volume of 23,125. The stock’s 50 day moving average price is $74.98 and its 200 day moving average price is $74.85. Alpha Architect U.S. Quantitative Momentum ETF has a 52-week low of $60.24 and a 52-week high of $81.95. The company has a market cap of $415.62 million, a P/E ratio of 27.79 and a beta of 1.06.
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.
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