iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Sees Significant Increase in Short Interest

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 671,058 shares, an increase of 153.8% from the May 14th total of 264,354 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 471,928 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On iShares MSCI Intl Momentum Factor ETF

Several institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,855,822 shares of the company’s stock worth $1,096,396,000 after purchasing an additional 1,132,648 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 4.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,865,565 shares of the company’s stock worth $983,941,000 after purchasing an additional 768,834 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 8.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,722,729 shares of the company’s stock worth $82,725,000 after purchasing an additional 129,644 shares during the last quarter. Morgan Stanley lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 18.1% during the 4th quarter. Morgan Stanley now owns 1,289,410 shares of the company’s stock worth $61,853,000 after purchasing an additional 197,707 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI Intl Momentum Factor ETF by 29.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,020,555 shares of the company’s stock worth $48,956,000 after purchasing an additional 231,394 shares during the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Performance

Shares of NYSEARCA:IMTM traded up $0.38 during trading on Friday, hitting $53.50. The company’s stock had a trading volume of 377,270 shares, compared to its average volume of 640,599. The business has a 50 day moving average price of $52.03 and a two-hundred day moving average price of $50.40. The company has a market capitalization of $3.97 billion, a PE ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $43.64 and a fifty-two week high of $53.73.

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.