Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Short Interest Down 39.7% in August

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,686 shares, a decrease of 39.7% from the July 30th total of 17,710 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 15,419 shares, the days-to-cover ratio is currently 0.7 days.

Alpha Architect International Quantitative Momentum ETF Price Performance

Shares of IMOM stock remained flat at $41.38 during trading on Monday. The company had a trading volume of 3,603 shares, compared to its average volume of 19,587. Alpha Architect International Quantitative Momentum ETF has a 1-year low of $33.92 and a 1-year high of $46.17. The stock has a 50 day moving average price of $41.71 and a 200 day moving average price of $42.77. The firm has a market cap of $158.49 million, a P/E ratio of 23.34 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Baker Boyer National Bank raised its holdings in shares of Alpha Architect International Quantitative Momentum ETF by 2.4% in the 4th quarter. Baker Boyer National Bank now owns 84,952 shares of the company’s stock worth $3,238,000 after buying an additional 2,028 shares in the last quarter. Sankala Group LLC acquired a new position in Alpha Architect International Quantitative Momentum ETF in the fourth quarter valued at about $353,000. Worth Asset Management LLC bought a new stake in Alpha Architect International Quantitative Momentum ETF during the first quarter worth about $403,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Alpha Architect International Quantitative Momentum ETF during the third quarter worth $777,000.

About Alpha Architect International Quantitative Momentum ETF

The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.