Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Up 113.6% in August

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 21,691 shares, an increase of 113.6% from the August 15th total of 10,155 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 16,511 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

Hedge funds have recently added to or reduced their stakes in the company. Sankala Group LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at $650,000. Stillwater Private Wealth LLC acquired a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 1st quarter valued at $1,420,000. Finally, Parallel Advisors LLC bought a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the first quarter worth $58,000.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

Shares of QMOM stock opened at $72.00 on Wednesday. Alpha Architect U.S. Quantitative Momentum ETF has a fifty-two week low of $60.24 and a fifty-two week high of $81.95. The stock’s 50-day moving average is $74.82 and its two-hundred day moving average is $74.83. The firm has a market cap of $363.60 million, a P/E ratio of 27.79 and a beta of 1.06.

About Alpha Architect U.S. Quantitative Momentum ETF

The Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an exchange-traded fund that is based on the QMOM-US – No underlying index. The fund is an active, equal-weighted portfolio of US stocks, screened for their strong and consistent momentum. QMOM was launched on Dec 2, 2015 and is issued by Alpha Architect.