Short Interest in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Decreases By 58.2%

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 933,278 shares, a drop of 58.2% from the July 15th total of 2,235,327 shares. Based on an average daily trading volume, of 2,128,118 shares, the short-interest ratio is presently 0.4 days. Currently, 1.3% of the company’s shares are sold short.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $317.21 on Monday. The firm has a market capitalization of $23.16 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average of $316.54 and a 200-day moving average of $285.50. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Financial Network Wealth Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000. Finally, Indiana Trust & Investment Management Co acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Company Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.