Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Declines By 62.5%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 264,354 shares, a decline of 62.5% from the April 30th total of 704,516 shares. Based on an average daily trading volume, of 497,119 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock valued at $1,096,396,000 after purchasing an additional 1,132,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock valued at $983,941,000 after purchasing an additional 768,834 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after purchasing an additional 129,644 shares in the last quarter. Morgan Stanley raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 18.1% in the 4th quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock valued at $61,853,000 after purchasing an additional 197,707 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares MSCI Intl Momentum Factor ETF by 29.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock valued at $48,956,000 after purchasing an additional 231,394 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

Shares of IMTM stock opened at $52.86 on Friday. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $43.64 and a 12 month high of $53.60. The firm has a market capitalization of $3.92 billion, a P/E ratio of 17.95 and a beta of 0.81. The company’s fifty day moving average price is $50.98 and its two-hundred day moving average price is $50.06.

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.