Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Stock Short Interest Jumps 230.1%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 39,500 shares, an increase of 230.1% from the September 30th total of 11,967 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 22,394 shares, the days-to-cover ratio is currently 1.8 days.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 2.3%

Shares of Alpha Architect U.S. Quantitative Momentum ETF stock traded down $1.65 on Friday, reaching $70.78. The stock had a trading volume of 6,791 shares, compared to its average volume of 23,121. The business’s 50 day moving average is $73.10 and its two-hundred day moving average is $73.82. Alpha Architect U.S. Quantitative Momentum ETF has a 1 year low of $60.24 and a 1 year high of $81.95. The company has a market cap of $418.99 million, a P/E ratio of 27.79 and a beta of 1.07.

Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

An institutional investor recently bought a new position in Alpha Architect U.S. Quantitative Momentum ETF stock. Parallel Advisors LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 847 shares of the company’s stock, valued at approximately $58,000.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

The Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an exchange-traded fund that is based on the QMOM-US – No underlying index. The fund is an active, equal-weighted portfolio of US stocks, screened for their strong and consistent momentum. QMOM was launched on Dec 2, 2015 and is issued by Alpha Architect.