Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Update

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,021 shares, a drop of 65.5% from the May 14th total of 49,285 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 38,086 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter valued at about $58,000. Opal Capital LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $300,000. Sankala Group LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $650,000. Baker Boyer National Bank increased its position in Alpha Architect U.S. Quantitative Momentum ETF by 1.2% during the fourth quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after acquiring an additional 199 shares during the period. Finally, Stillwater Private Wealth LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF during the first quarter worth about $1,420,000.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

QMOM stock traded up $1.01 during trading hours on Friday, reaching $79.11. The stock had a trading volume of 32,506 shares, compared to its average volume of 25,942. The stock has a market capitalization of $448.55 million, a PE ratio of 27.79 and a beta of 1.05. The stock has a 50-day simple moving average of $76.47 and a 200 day simple moving average of $71.21. Alpha Architect U.S. Quantitative Momentum ETF has a fifty-two week low of $60.24 and a fifty-two week high of $81.95.

About Alpha Architect U.S. Quantitative Momentum ETF

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.