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

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 6,700 shares, a growth of 21.8% from the June 30th total of 5,500 shares. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Architect International Quantitative Momentum ETF stock. Baker Boyer National Bank lifted its stake in Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,477 shares of the company’s stock after acquiring an additional 6,326 shares during the period. Alpha Architect International Quantitative Momentum ETF accounts for about 0.7% of Baker Boyer National Bank’s investment portfolio, making the stock its 16th largest position. Baker Boyer National Bank owned approximately 2.31% of Alpha Architect International Quantitative Momentum ETF worth $1,997,000 as of its most recent filing with the SEC.

Alpha Architect International Quantitative Momentum ETF Price Performance

IMOM traded up $0.24 during midday trading on Tuesday, hitting $27.91. 3,114 shares of the company’s stock traded hands, compared to its average volume of 10,395. The company has a market cap of $80.37 million, a PE ratio of 9.11 and a beta of 0.93. The stock’s fifty day simple moving average is $28.13 and its 200-day simple moving average is $28.11. Alpha Architect International Quantitative Momentum ETF has a one year low of $23.18 and a one year high of $29.53.

About Alpha Architect International Quantitative Momentum ETF

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.