iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Significant Increase in Short Interest

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 671,058 shares, a growth of 153.8% from the May 14th total of 264,354 shares. Based on an average daily volume of 471,928 shares, the short-interest ratio is currently 1.4 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its stake 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 buying an additional 1,132,648 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in 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 worth $983,941,000 after purchasing an additional 768,834 shares in the last quarter. Ritholtz Wealth Management raised its stake in 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 worth $82,725,000 after purchasing an additional 129,644 shares in the last quarter. Morgan Stanley increased its holdings in 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 buying an additional 197,707 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in 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 buying an additional 231,394 shares during the period.

iShares MSCI Intl Momentum Factor ETF Price Performance

IMTM traded up $0.38 during mid-day trading on Friday, hitting $53.50. The stock had a trading volume of 377,270 shares, compared to its average volume of 640,599. The stock’s fifty day simple moving average is $52.03 and its 200-day simple moving average is $50.40. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $43.64 and a 1-year high of $53.73. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

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.