Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Drops By 48.0%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 349,188 shares, a decline of 48.0% from the May 31st total of 671,058 shares. Based on an average daily volume of 522,935 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC increased its position in iShares MSCI Intl Momentum Factor ETF by 1.9% during the fourth quarter. Acropolis Investment Management LLC now owns 641,150 shares of the company’s stock valued at $30,756,000 after acquiring an additional 12,064 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in iShares MSCI Intl Momentum Factor ETF by 26.4% in the fourth quarter. Capital Investment Advisory Services LLC now owns 53,517 shares of the company’s stock valued at $2,567,000 after acquiring an additional 11,176 shares during the period. Ritholtz Wealth Management boosted its position in iShares MSCI Intl Momentum Factor ETF by 3.6% in the fourth quarter. Ritholtz Wealth Management now owns 1,593,085 shares of the company’s stock worth $76,420,000 after purchasing an additional 55,900 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 16.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 80,421 shares of the company’s stock worth $3,983,000 after purchasing an additional 11,565 shares during the last quarter. Finally, Rollins Financial Advisors LLC boosted its position in iShares MSCI Intl Momentum Factor ETF by 157.2% in the fourth quarter. Rollins Financial Advisors LLC now owns 16,388 shares of the company’s stock worth $786,000 after purchasing an additional 10,017 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.9%

Shares of iShares MSCI Intl Momentum Factor ETF stock opened at $52.81 on Tuesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The company’s 50 day moving average is $52.54 and its 200 day moving average is $50.81. 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.