iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Up 124.9% in July

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 410,710 shares, an increase of 124.9% from the June 30th total of 182,633 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 352,537 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of iShares MSCI Intl Momentum Factor ETF by 28.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $43,000 after acquiring an additional 198 shares in the last quarter. Comerica Bank increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.5% in the 3rd quarter. Comerica Bank now owns 14,291 shares of the company’s stock valued at $684,000 after purchasing an additional 208 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock valued at $1,074,000 after purchasing an additional 243 shares in the last quarter. Cerity Partners LLC raised its holdings in iShares MSCI Intl Momentum Factor ETF by 2.2% in the 2nd quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after purchasing an additional 265 shares during the period. Finally, US Bancorp DE raised its holdings in iShares MSCI Intl Momentum Factor ETF by 19.1% in the 3rd quarter. US Bancorp DE now owns 2,198 shares of the company’s stock worth $105,000 after purchasing an additional 352 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

NYSEARCA:IMTM traded up $1.94 during trading hours on Thursday, reaching $52.27. The company had a trading volume of 465,944 shares, compared to its average volume of 586,813. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $44.32 and a 1-year high of $54.39. The business’s 50 day moving average price is $52.60 and its 200-day moving average price is $51.38. The firm has a market cap of $4.15 billion, a PE ratio of 17.95 and a beta of 0.80.

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.