Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Decreases By 44.3%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 232,809 shares, a decrease of 44.3% from the July 30th total of 418,166 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 279,846 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

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

iShares MSCI Intl Momentum Factor ETF Stock Performance

NYSEARCA:IMTM traded down $0.40 during mid-day trading on Friday, reaching $53.32. The stock had a trading volume of 198,080 shares, compared to its average volume of 545,201. The firm has a 50 day moving average price of $52.86 and a two-hundred day moving average price of $51.83. The stock has a market capitalization of $4.25 billion, a P/E ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a one year low of $45.61 and a one year high of $54.79.

About iShares MSCI Intl Momentum Factor ETF

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.