Short Interest in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Drops By 48.0%

by · The Markets Daily

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 349,188 shares, a decrease of 48.0% from the May 31st total of 671,058 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 522,935 shares, the short-interest ratio is currently 0.7 days.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.9%

NYSEARCA:IMTM opened at $52.81 on Tuesday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. The company’s 50 day moving average price is $52.54 and its 200-day moving average price is $50.81. iShares MSCI Intl Momentum Factor ETF has a 52 week low of $44.32 and a 52 week high of $54.39.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

Several institutional investors have recently added to or reduced their stakes in IMTM. Blue Trust Inc. purchased a new position in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth $27,000. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter valued at $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in iShares MSCI Intl Momentum Factor ETF in the 1st quarter worth about $31,000. MAI Capital Management increased its holdings in iShares MSCI Intl Momentum Factor ETF by 245.1% in the 3rd quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $32,000 after buying an additional 478 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF in the 4th quarter worth about $32,000.

iShares MSCI Intl Momentum Factor ETF Company Profile

(Get Free Report)

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.

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