Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) Short Interest Up 21.8% in July

Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 6,700 shares, an increase of 21.8% from the June 30th total of 5,500 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 1.2 days.

Alpha Architect International Quantitative Momentum ETF Price Performance

IMOM traded up $0.24 on Tuesday, reaching $27.91. 3,114 shares of the company traded hands, compared to its average volume of 10,395. The company has a market cap of $80.38 million, a price-to-earnings ratio of 9.11 and a beta of 0.93. The stock’s 50 day moving average price is $28.13 and its 200-day moving average price is $28.11. Alpha Architect International Quantitative Momentum ETF has a 52-week low of $23.18 and a 52-week high of $29.53.

Hedge Funds Weigh In On Alpha Architect International Quantitative Momentum ETF

A hedge fund recently raised its stake in Alpha Architect International Quantitative Momentum ETF stock. Baker Boyer National Bank grew its position in Alpha Architect International Quantitative Momentum ETF (NASDAQ:IMOM) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,477 shares of the company’s stock after purchasing an additional 6,326 shares during the period. Alpha Architect International Quantitative Momentum ETF comprises about 0.7% of Baker Boyer National Bank’s holdings, making the stock its 16th largest position. Baker Boyer National Bank owned approximately 2.31% of Alpha Architect International Quantitative Momentum ETF worth $1,997,000 at the end of the most recent reporting period.

About Alpha Architect International Quantitative Momentum ETF

The Alpha Architect International Quantitative Momentum ETF (IMOM) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of developed-market ex-North America stocks, screened for their strong and consistent momentum. IMOM was launched on Dec 23, 2015 and is issued by Alpha Architect.