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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 159,413 shares, a decline of 58.7% from the August 31st total of 385,930 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 323,168 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust boosted its stake in iShares MSCI Intl Momentum Factor ETF by 194.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after buying an additional 787 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $82,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of NYSEARCA:IMTM traded down $0.31 during midday trading on Monday, reaching $53.08. 159,233 shares of the company’s stock were exchanged, compared to its average volume of 520,650. The company’s 50 day simple moving average is $53.19 and its two-hundred day simple moving average is $52.08. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $45.97 and a 12 month high of $54.79. The firm has a market capitalization of $4.30 billion, a PE ratio of 17.95 and a beta of 0.81.

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.