iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Shares Shorted: Short Interest Up 399.0% in September

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 795,412 shares, a growth of 399.0% from the September 15th total of 159,413 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 290,869 shares, the short-interest ratio is currently 2.7 days.

iShares MSCI Intl Momentum Factor ETF Trading Up 0.5%

NYSEARCA IMTM traded up $0.26 during mid-day trading on Friday, reaching $52.30. 408,730 shares of the company’s stock traded hands, compared to its average volume of 515,320. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.97 and a 1-year high of $54.79. The company has a fifty day simple moving average of $53.37 and a 200-day simple moving average of $52.36. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Hedge funds have recently made changes to their positions in the stock. Riversedge Advisors LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the 3rd quarter valued at $6,981,000. Breakwater Capital Group raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 79.7% in the 3rd quarter. Breakwater Capital Group now owns 7,181 shares of the company’s stock valued at $378,000 after purchasing an additional 3,185 shares in the last quarter. Acropolis Investment Management LLC bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth about $33,975,000. Atwood & Palmer Inc. acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter worth about $11,368,000. Finally, Apella Capital LLC acquired a new position in iShares MSCI Intl Momentum Factor ETF in the third quarter worth about $10,792,000.

iShares MSCI Intl Momentum Factor ETF Company Profile

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.