Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Decreases By 44.3%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 232,809 shares, a decrease of 44.3% from the July 30th total of 418,166 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 279,846 shares, the short-interest ratio is currently 0.8 days.

iShares MSCI Intl Momentum Factor ETF Stock Performance

NYSEARCA IMTM traded down $0.40 on Friday, hitting $53.32. The stock had a trading volume of 198,080 shares, compared to its average volume of 545,201. The firm has a 50-day moving average of $52.86 and a 200-day moving average of $51.83. iShares MSCI Intl Momentum Factor ETF has a 52-week low of $45.61 and a 52-week high of $54.79. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IMTM. Mercer Global Advisors Inc. ADV lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after acquiring an additional 1,132,648 shares during the last quarter. AdvisorShares Investments LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at $16,805,000. Bank of America Corp DE increased its stake in iShares MSCI Intl Momentum Factor ETF by 73.8% in the third quarter. Bank of America Corp DE now owns 629,951 shares of the company’s stock valued at $30,162,000 after acquiring an additional 267,422 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI Intl Momentum Factor ETF by 45.5% during the third quarter. Ameriprise Financial Inc. now owns 840,894 shares of the company’s stock valued at $40,256,000 after purchasing an additional 263,146 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in iShares MSCI Intl Momentum Factor ETF during the fourth quarter valued at about $12,102,000.

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.