Short Interest in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Declines By 56.2%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 26,100 shares, a drop of 56.2% from the March 15th total of 59,600 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 45,900 shares, the days-to-cover ratio is presently 0.6 days.

Alpha Architect U.S. Quantitative Momentum ETF Stock Up 1.1 %

NASDAQ QMOM opened at $56.87 on Wednesday. Alpha Architect U.S. Quantitative Momentum ETF has a fifty-two week low of $49.78 and a fifty-two week high of $72.19. The business has a 50 day moving average price of $59.99 and a two-hundred day moving average price of $64.54. The stock has a market cap of $285.49 million, a PE ratio of 24.74 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Baker Boyer National Bank lifted its holdings in Alpha Architect U.S. Quantitative Momentum ETF by 2.3% in the 4th quarter. Baker Boyer National Bank now owns 10,868 shares of the company’s stock worth $697,000 after buying an additional 245 shares in the last quarter. Aspect Partners LLC lifted its stake in shares of Alpha Architect U.S. Quantitative Momentum ETF by 157.8% in the fourth quarter. Aspect Partners LLC now owns 1,312 shares of the company’s stock worth $84,000 after acquiring an additional 803 shares in the last quarter. Ancora Advisors LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $263,000. Fifth Third Securities Inc. acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at approximately $421,000. Finally, Advantage Trust Co acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at approximately $912,000.

About Alpha Architect U.S. Quantitative Momentum ETF

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.