iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Large Growth in Short Interest

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 671,058 shares, a growth of 153.8% from the May 14th total of 264,354 shares. Based on an average daily volume of 471,928 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the shares of the company are sold short.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.7%

IMTM stock traded up $0.38 during mid-day trading on Friday, hitting $53.50. The stock had a trading volume of 377,270 shares, compared to its average volume of 640,599. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $43.64 and a 52 week high of $53.73. The firm has a market capitalization of $3.97 billion, a P/E ratio of 17.95 and a beta of 0.81. The firm has a fifty day simple moving average of $52.03 and a 200 day simple moving average of $50.40.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth about $27,000. Western Wealth Management LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth about $31,000. MAI Capital Management increased its holdings in iShares MSCI Intl Momentum Factor ETF by 245.1% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 478 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth about $32,000.

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.