iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Down 44.3% in August

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 232,809 shares, a decline of 44.3% from the July 30th total of 418,166 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 279,846 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IMTM. Mercer Global Advisors Inc. ADV increased its holdings in 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 in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of iShares MSCI Intl Momentum Factor ETF in the fourth quarter valued at about $16,805,000. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 73.8% in the third quarter. Bank of America Corp DE now owns 629,951 shares of the company’s stock valued at $30,162,000 after purchasing an additional 267,422 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares MSCI Intl Momentum Factor ETF by 45.5% during the third quarter. Ameriprise Financial Inc. now owns 840,894 shares of the company’s stock worth $40,256,000 after buying an additional 263,146 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of iShares MSCI Intl Momentum Factor ETF during the fourth quarter worth about $12,102,000.

iShares MSCI Intl Momentum Factor ETF Stock Performance

NYSEARCA:IMTM traded down $0.06 on Monday, reaching $53.26. The company’s stock had a trading volume of 488,955 shares, compared to its average volume of 544,862. iShares MSCI Intl Momentum Factor ETF has a 1-year low of $45.61 and a 1-year high of $54.79. The business’s 50-day moving average price is $52.84 and its two-hundred day moving average price is $51.83. The firm has a market cap of $4.24 billion, a PE ratio of 17.95 and a beta of 0.81.

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.