iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Up 124.9% in July

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 410,710 shares, a growth of 124.9% from the June 30th total of 182,633 shares. Based on an average daily trading volume, of 352,537 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of iShares MSCI Intl Momentum Factor ETF by 25.1% during the first quarter. Royal Bank of Canada now owns 48,409 shares of the company’s stock valued at $1,934,000 after purchasing an additional 9,717 shares during the last quarter. AQR Capital Management LLC bought a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter worth about $224,000. Jones Financial Companies Lllp acquired a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $715,000. JPMorgan Chase & Co. increased its stake in iShares MSCI Intl Momentum Factor ETF by 60.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 85,359 shares of the company’s stock worth $3,900,000 after purchasing an additional 32,134 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 2.2% in the second quarter. Cerity Partners LLC now owns 12,564 shares of the company’s stock valued at $574,000 after purchasing an additional 265 shares in the last quarter.

iShares MSCI Intl Momentum Factor ETF Stock Down 1.7%

NYSEARCA:IMTM traded down $0.87 during mid-day trading on Tuesday, reaching $50.88. 76,339 shares of the company were exchanged, compared to its average volume of 582,539. iShares MSCI Intl Momentum Factor ETF has a 12 month low of $44.32 and a 12 month high of $54.39. The company has a fifty day moving average of $52.66 and a 200 day moving average of $51.36. The stock has a market cap of $4.03 billion, a PE ratio of 17.95 and a beta of 0.80.

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.