iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Stock Short Interest Climbs 187.9%

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 677,648 shares, a growth of 187.9% from the October 15th total of 235,408 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 464,979 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new stake in shares of iShares MSCI Intl Momentum Factor ETF during the third quarter worth $98,185,000. Bank of America Corp DE increased its position in shares of iShares MSCI Intl Momentum Factor ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 732,214 shares of the company’s stock valued at $35,161,000 after acquiring an additional 23,744 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock valued at $35,865,000 after acquiring an additional 66,596 shares during the period. Acropolis Investment Management LLC acquired a new position in shares of iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at $33,975,000. Finally, Shore Point Advisors LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth $26,025,000.

iShares MSCI Intl Momentum Factor ETF Stock Down 0.1%

Shares of iShares MSCI Intl Momentum Factor ETF stock traded down $0.05 during midday trading on Friday, hitting $50.17. The company had a trading volume of 337,165 shares, compared to its average volume of 515,758. The company has a fifty day simple moving average of $52.03 and a 200 day simple moving average of $51.88. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 15.99 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a 12-month low of $45.97 and a 12-month high of $54.79.

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.