Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Sees Significant Growth in Short Interest

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 16,000 shares, an increase of 240.4% from the August 15th total of 4,700 shares. Based on an average daily volume of 18,100 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Architect U.S. Quantitative Momentum ETF stock. Baker Boyer National Bank boosted its holdings in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,769 shares of the company’s stock after purchasing an additional 783 shares during the quarter. Baker Boyer National Bank owned approximately 0.25% of Alpha Architect U.S. Quantitative Momentum ETF worth $569,000 at the end of the most recent quarter.

Alpha Architect U.S. Quantitative Momentum ETF Stock Performance

Shares of QMOM stock traded up $0.67 during trading hours on Thursday, hitting $59.70. 13,434 shares of the company were exchanged, compared to its average volume of 16,163. The stock has a market capitalization of $234.62 million, a price-to-earnings ratio of 11.02 and a beta of 1.08. Alpha Architect U.S. Quantitative Momentum ETF has a one year low of $40.18 and a one year high of $62.19. The business’s 50-day simple moving average is $59.24 and its two-hundred day simple moving average is $58.44.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

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.