Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Increases By 65.8%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 385,930 shares, a growth of 65.8% from the August 15th total of 232,809 shares. Based on an average daily volume of 253,624 shares, the short-interest ratio is currently 1.5 days. Currently, 0.5% of the shares of the company are short sold.

iShares MSCI Intl Momentum Factor ETF Stock Down 0.3%

Shares of NYSEARCA IMTM opened at $52.69 on Thursday. The business has a 50-day moving average price of $53.06 and a 200 day moving average price of $51.94. The stock has a market cap of $4.20 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $45.97 and a 52-week high of $54.79.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several large investors have recently modified their holdings of the company. Ritholtz Wealth Management increased its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after acquiring an additional 129,644 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI Intl Momentum Factor ETF by 29.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock worth $48,956,000 after purchasing an additional 231,394 shares during the period. Bank of America Corp DE boosted its stake in iShares MSCI Intl Momentum Factor ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock worth $35,161,000 after purchasing an additional 23,744 shares during the period. Janney Montgomery Scott LLC grew its position in iShares MSCI Intl Momentum Factor ETF by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 478,848 shares of the company’s stock worth $22,994,000 after purchasing an additional 22,111 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in iShares MSCI Intl Momentum Factor ETF by 3.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 464,532 shares of the company’s stock worth $22,283,000 after purchasing an additional 15,668 shares during the last quarter.

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.