Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Stock Short Interest Drops 60.2%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,623 shares, a decline of 60.2% from the August 31st total of 21,691 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 15,583 shares, the short-interest ratio is presently 0.6 days.

Alpha Architect U.S. Quantitative Momentum ETF Stock Performance

Shares of QMOM traded up $0.01 during midday trading on Monday, hitting $72.91. 16,667 shares of the company traded hands, compared to its average volume of 22,969. The firm has a 50 day moving average of $74.40 and a 200-day moving average of $74.92. Alpha Architect U.S. Quantitative Momentum ETF has a 52 week low of $60.24 and a 52 week high of $81.95. The stock has a market cap of $426.52 million, a price-to-earnings ratio of 27.79 and a beta of 1.06.

Hedge Funds 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 QMOM. 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 bought a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the first quarter worth $58,000. Finally, Sankala Group LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter valued at $650,000.

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.