Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Stock Short Interest Declines 69.7%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 11,977 shares, a drop of 69.7% from the October 15th total of 39,500 shares. Based on an average daily volume of 25,470 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Alpha Architect U.S. Quantitative Momentum ETF

An institutional investor recently bought a new position in Alpha Architect U.S. Quantitative Momentum ETF stock. Stillwater Private Wealth LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,793 shares of the company’s stock, valued at approximately $1,420,000. Alpha Architect U.S. Quantitative Momentum ETF comprises about 1.2% of Stillwater Private Wealth LLC’s portfolio, making the stock its 25th largest position. Stillwater Private Wealth LLC owned 0.37% of Alpha Architect U.S. Quantitative Momentum ETF at the end of the most recent reporting period.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 1.3%

QMOM stock traded down $0.90 during trading on Friday, reaching $67.83. 8,127 shares of the stock were exchanged, compared to its average volume of 23,376. The firm has a market capitalization of $392.76 million, a price-to-earnings ratio of 17.43 and a beta of 1.08. The business has a 50 day moving average price of $72.04 and a 200-day moving average price of $73.75. Alpha Architect U.S. Quantitative Momentum ETF has a 1 year low of $60.24 and a 1 year high of $81.95.

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.