iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 677,648 shares, an increase of 187.9% from the October 15th total of 235,408 shares. Based on an average daily trading volume, of 464,979 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the company’s shares are short sold.
Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMTM. Western Wealth Management LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the 1st quarter worth approximately $28,000. DecisionPoint Financial LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $29,000. Root Financial Partners LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter valued at $29,000. Elevate Wealth Advisory Inc. acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth $39,000. Finally, Compass Financial Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the third quarter worth $39,000.
iShares MSCI Intl Momentum Factor ETF Stock Down 0.1%
Shares of iShares MSCI Intl Momentum Factor ETF stock traded down $0.05 during trading on Friday, hitting $50.17. The stock had a trading volume of 337,165 shares, compared to its average volume of 515,758. The stock has a 50 day simple moving average of $52.03 and a 200 day simple moving average of $51.88. The company has a market capitalization of $4.12 billion, a PE ratio of 15.99 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $45.97 and a 1 year high of $54.79.
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.
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