Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,623 shares, a decrease of 60.2% from the August 31st total of 21,691 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 15,583 shares, the days-to-cover ratio is currently 0.6 days.
Alpha Architect U.S. Quantitative Momentum ETF Price Performance
Shares of QMOM stock traded up $0.01 on Monday, hitting $72.91. 16,667 shares of the stock traded hands, compared to its average volume of 22,969. The firm has a market cap of $426.52 million, a price-to-earnings ratio of 27.79 and a beta of 1.06. Alpha Architect U.S. Quantitative Momentum ETF has a 52 week low of $60.24 and a 52 week high of $81.95. The firm has a 50 day simple moving average of $74.40 and a two-hundred day simple moving average of $74.92.
Institutional Investors Weigh In On Alpha Architect U.S. Quantitative Momentum ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stillwater Private Wealth LLC purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter valued at about $1,420,000. Sankala Group LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at approximately $650,000. Finally, Parallel Advisors LLC bought a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF during the first quarter valued at approximately $58,000.
About Alpha Architect U.S. Quantitative Momentum ETF
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.
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