Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Sees Large Drop in Short Interest

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 11,977 shares, a decrease of 69.7% from the October 15th total of 39,500 shares. Based on an average daily volume of 25,470 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 1.3%

Shares of NASDAQ QMOM traded down $0.90 during trading on Friday, reaching $67.83. 8,127 shares of the company traded hands, compared to its average volume of 23,376. The stock has a market cap of $392.76 million, a P/E ratio of 17.43 and a beta of 1.08. The firm’s fifty day simple moving average is $72.04 and its 200 day simple moving average is $73.75. Alpha Architect U.S. Quantitative Momentum ETF has a 12-month low of $60.24 and a 12-month high of $81.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Architect U.S. Quantitative Momentum ETF stock. Stillwater Private Wealth LLC acquired a new position in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,793 shares of the company’s stock, valued at approximately $1,420,000. Alpha Architect U.S. Quantitative Momentum ETF makes up about 1.2% of Stillwater Private Wealth LLC’s investment portfolio, making the stock its 25th largest holding. Stillwater Private Wealth LLC owned about 0.37% of Alpha Architect U.S. Quantitative Momentum ETF at the end of the most recent quarter.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

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.