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

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 349,188 shares, a decline of 48.0% from the May 31st total of 671,058 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 522,935 shares, the days-to-cover ratio is currently 0.7 days.

iShares MSCI Intl Momentum Factor ETF Stock Down 1.5%

NYSEARCA IMTM traded down $0.80 during trading hours on Wednesday, reaching $52.53. 458,626 shares of the company were exchanged, compared to its average volume of 618,757. iShares MSCI Intl Momentum Factor ETF has a 1 year low of $44.32 and a 1 year high of $54.39. The business’s 50 day simple moving average is $52.55 and its 200-day simple moving average is $50.86. The stock has a market capitalization of $3.90 billion, a P/E ratio of 17.95 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in iShares MSCI Intl Momentum Factor ETF by 828.5% in the first quarter. NewEdge Advisors LLC now owns 101,509 shares of the company’s stock valued at $4,874,000 after purchasing an additional 90,576 shares during the last quarter. Western Wealth Management LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the first quarter worth $28,000. Bank of America Corp DE raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock valued at $35,161,000 after buying an additional 23,744 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the first quarter valued at $519,000. Finally, Royal Bank of Canada raised its stake in shares of iShares MSCI Intl Momentum Factor ETF by 222.8% in the first quarter. Royal Bank of Canada now owns 331,656 shares of the company’s stock valued at $15,927,000 after buying an additional 228,914 shares during the period.

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.