iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Shares Shorted: Short Interest Up 399.0% in September

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 795,412 shares, an increase of 399.0% from the September 15th total of 159,413 shares. Based on an average daily trading volume, of 290,869 shares, the short-interest ratio is presently 2.7 days. Approximately 1.0% of the shares of the company are short sold.

iShares MSCI Intl Momentum Factor ETF Stock Up 0.5%

Shares of IMTM traded up $0.26 during mid-day trading on Friday, hitting $52.30. The stock had a trading volume of 408,730 shares, compared to its average volume of 515,320. iShares MSCI Intl Momentum Factor ETF has a fifty-two week low of $45.97 and a fifty-two week high of $54.79. The company has a market cap of $4.25 billion, a PE ratio of 17.95 and a beta of 0.81. The company’s fifty day simple moving average is $53.37 and its two-hundred day simple moving average is $52.36.

Institutional Trading of iShares MSCI Intl Momentum Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the first quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the 1st quarter valued at about $31,000. Parkside Financial Bank & Trust grew its position in shares of iShares MSCI Intl Momentum Factor ETF by 194.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after buying an additional 787 shares during the last quarter. Sankala Group LLC acquired a new stake in iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth about $82,000. Finally, Portfolio Resources Advisor Group Inc. bought a new position in iShares MSCI Intl Momentum Factor ETF in the fourth quarter worth about $126,000.

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.