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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 795,412 shares, a growth of 399.0% from the September 15th total of 159,413 shares. Based on an average daily trading volume, of 290,869 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.0% of the shares of the company are sold short.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.5%

Shares of IMTM stock traded up $0.26 on Friday, reaching $52.30. The company’s stock had a trading volume of 408,730 shares, compared to its average volume of 515,320. The stock’s 50 day simple moving average is $53.37 and its 200-day simple moving average is $52.39. The company 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 12-month low of $45.97 and a 12-month high of $54.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its position in iShares MSCI Intl Momentum Factor ETF by 194.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after acquiring an additional 787 shares during the last quarter. Sankala Group LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF during the 4th quarter valued at approximately $82,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the 4th quarter valued at $126,000.

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.