iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Short Interest Update

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 159,413 shares, a drop of 58.7% from the August 31st total of 385,930 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 323,168 shares, the days-to-cover ratio is currently 0.5 days.

iShares MSCI Intl Momentum Factor ETF Trading Down 0.6%

IMTM stock traded down $0.31 during trading on Monday, hitting $53.08. 159,233 shares of the stock traded hands, compared to its average volume of 520,650. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 17.95 and a beta of 0.81. iShares MSCI Intl Momentum Factor ETF has a one year low of $45.97 and a one year high of $54.79. The company has a 50 day simple moving average of $53.19 and a 200 day simple moving average of $52.08.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI Intl Momentum Factor ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 672,511 shares of the company’s stock worth $35,865,000 after acquiring an additional 66,596 shares in the last quarter. IFP Advisors Inc increased its holdings in iShares MSCI Intl Momentum Factor ETF by 7.1% during the 2nd quarter. IFP Advisors Inc now owns 59,205 shares of the company’s stock valued at $3,157,000 after purchasing an additional 3,939 shares in the last quarter. Parkside Financial Bank & Trust raised its position in iShares MSCI Intl Momentum Factor ETF by 194.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,192 shares of the company’s stock valued at $64,000 after purchasing an additional 787 shares during the last quarter. Corient Private Wealth LP bought a new position in iShares MSCI Intl Momentum Factor ETF in the 2nd quarter valued at $304,000. Finally, Hyundai Investments Co. Ltd. boosted its stake in iShares MSCI Intl Momentum Factor ETF by 147.7% in the second quarter. Hyundai Investments Co. Ltd. now owns 10,754 shares of the company’s stock worth $568,000 after purchasing an additional 6,412 shares in the last quarter.

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.