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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a large growth in short interest during the month of 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. Currently, 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Several institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 28.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $43,000 after acquiring an additional 198 shares in the last quarter. Comerica Bank grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.5% in the third quarter. Comerica Bank now owns 14,291 shares of the company’s stock worth $684,000 after acquiring an additional 208 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 6,270 shares of the company’s stock worth $305,000 after acquiring an additional 218 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 22,398 shares of the company’s stock worth $1,074,000 after acquiring an additional 243 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock worth $574,000 after acquiring an additional 265 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.7%

iShares MSCI Intl Momentum Factor ETF stock traded up $0.38 during trading on Friday, hitting $53.50. The company had a trading volume of 377,270 shares, compared to its average volume of 640,599. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $43.64 and a 1-year high of $53.73. The company’s 50 day simple moving average is $52.03 and its 200-day simple moving average is $50.40. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

About iShares MSCI Intl Momentum Factor ETF

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.