iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Up 124.9% in July

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 410,710 shares, an increase of 124.9% from the June 30th total of 182,633 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 352,537 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in iShares MSCI Intl Momentum Factor ETF by 28.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $43,000 after acquiring an additional 198 shares during the period. Comerica Bank increased its stake in iShares MSCI Intl Momentum Factor ETF by 1.5% during the 3rd quarter. Comerica Bank now owns 14,291 shares of the company’s stock valued at $684,000 after purchasing an additional 208 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 1.1% during the fourth quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock worth $1,074,000 after buying an additional 243 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after acquiring an additional 265 shares during the last quarter. Finally, US Bancorp DE raised its position in iShares MSCI Intl Momentum Factor ETF by 19.1% in the 3rd quarter. US Bancorp DE now owns 2,198 shares of the company’s stock valued at $105,000 after buying an additional 352 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM traded down $0.87 during trading on Tuesday, hitting $50.88. 76,339 shares of the stock traded hands, compared to its average volume of 582,539. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 17.95 and a beta of 0.80. The business has a 50 day moving average price of $52.66 and a 200 day moving average price of $51.36. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $44.32 and a twelve month high of $54.39.

iShares MSCI Intl Momentum Factor ETF Company Profile

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.