Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Short Interest Down 43.8% in August

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,400 shares, a drop of 43.8% from the August 15th total of 9,600 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Alpha Architect International Quantitative Momentum ETF

A hedge fund recently raised its stake in Alpha Architect International Quantitative Momentum ETF stock. Baker Boyer National Bank increased its position in shares of Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,033 shares of the company’s stock after acquiring an additional 6,556 shares during the period. Alpha Architect International Quantitative Momentum ETF comprises approximately 0.7% of Baker Boyer National Bank’s portfolio, making the stock its 16th biggest holding. Baker Boyer National Bank owned about 2.61% of Alpha Architect International Quantitative Momentum ETF worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

Alpha Architect International Quantitative Momentum ETF Price Performance

Shares of IMOM opened at $28.33 on Friday. Alpha Architect International Quantitative Momentum ETF has a one year low of $23.18 and a one year high of $29.53. The company has a 50-day moving average of $27.82 and a two-hundred day moving average of $28.11. The stock has a market cap of $81.59 million, a price-to-earnings ratio of 9.11 and a beta of 0.93.

Alpha Architect International Quantitative Momentum ETF Company Profile

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.