Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Declines By 62.5%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 264,354 shares, a decrease of 62.5% from the April 30th total of 704,516 shares. Based on an average daily trading volume, of 497,119 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock valued at $1,096,396,000 after acquiring an additional 1,132,648 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock valued at $983,941,000 after acquiring an additional 768,834 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% during the first quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock valued at $82,725,000 after acquiring an additional 129,644 shares during the last quarter. Morgan Stanley raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 18.1% during the fourth quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock valued at $61,853,000 after acquiring an additional 197,707 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 29.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock valued at $48,956,000 after acquiring an additional 231,394 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Price Performance

NYSEARCA IMTM traded up $0.10 during trading on Friday, hitting $52.86. 481,963 shares of the company’s stock traded hands, compared to its average volume of 651,842. The stock has a fifty day moving average of $50.98 and a two-hundred day moving average of $50.07. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $43.64 and a 12-month high of $53.60. The firm has a market cap of $3.92 billion, a P/E 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.