Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Down 67.5% in August

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,155 shares, a decline of 67.5% from the July 30th total of 31,222 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,157 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Alpha Architect U.S. Quantitative Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QMOM. Stillwater Private Wealth LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 1st quarter worth approximately $1,420,000. Baker Boyer National Bank raised its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 1.2% in the 4th quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after purchasing an additional 199 shares during the last quarter. Sankala Group LLC purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth about $650,000. Opal Capital LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth about $300,000. Finally, Parallel Advisors LLC purchased a new stake in Alpha Architect U.S. Quantitative Momentum ETF during the 1st quarter valued at about $58,000.

Alpha Architect U.S. Quantitative Momentum ETF Stock Up 1.1%

NASDAQ:QMOM opened at $75.02 on Thursday. The firm has a market capitalization of $429.86 million, a P/E ratio of 27.79 and a beta of 1.07. The company has a fifty day moving average of $76.07 and a 200 day moving average of $74.65. Alpha Architect U.S. Quantitative Momentum ETF has a 52 week low of $60.24 and a 52 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.