Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Sees Large Increase in Short Interest

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOMGet Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 61,396 shares, a growth of 430.6% from the April 15th total of 11,572 shares. Based on an average daily trading volume, of 25,160 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IMOM. Baker Boyer National Bank grew its stake in Alpha Architect International Quantitative Momentum ETF by 2.4% in the fourth quarter. Baker Boyer National Bank now owns 84,952 shares of the company’s stock worth $3,238,000 after purchasing an additional 2,028 shares during the period. Sankala Group LLC purchased a new position in Alpha Architect International Quantitative Momentum ETF during the fourth quarter valued at $353,000. Worth Asset Management LLC bought a new stake in shares of Alpha Architect International Quantitative Momentum ETF during the 1st quarter valued at $403,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Alpha Architect International Quantitative Momentum ETF during the 3rd quarter valued at $777,000.

Alpha Architect International Quantitative Momentum ETF Price Performance

IMOM stock opened at $45.68 on Friday. Alpha Architect International Quantitative Momentum ETF has a 1 year low of $29.77 and a 1 year high of $45.92. The firm has a 50-day moving average of $42.46 and a 200 day moving average of $40.80. The company has a market cap of $158.51 million, a P/E ratio of 23.34 and a beta of 0.95.

Alpha Architect International Quantitative Momentum ETF Company Profile

(Get Free Report)

The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.

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