iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM) Shares Shorted: Short Interest Down 70.4% in October

by · The Markets Daily

iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 235,408 shares, a decline of 70.4% from the September 30th total of 795,412 shares. Based on an average daily volume of 431,663 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares MSCI Intl Momentum Factor ETF

A number of large investors have recently modified their holdings of IMTM. Western Wealth Management LLC purchased a new position in iShares MSCI Intl Momentum Factor ETF during the first quarter valued at approximately $28,000. DecisionPoint Financial LLC purchased a new stake in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 3rd quarter valued at $29,000. Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI Intl Momentum Factor ETF in the 1st quarter valued at $31,000. Finally, Parkside Financial Bank & Trust boosted its holdings 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 period.

iShares MSCI Intl Momentum Factor ETF Stock Up 1.0%

IMTM stock opened at $51.47 on Wednesday. The stock has a 50-day simple moving average of $52.85 and a two-hundred day simple moving average of $51.86. iShares MSCI Intl Momentum Factor ETF has a twelve month low of $45.97 and a twelve month high of $54.79. The firm has a market capitalization of $4.18 billion, a PE ratio of 17.95 and a beta of 0.81.

About iShares MSCI Intl Momentum Factor ETF

(Get Free Report)

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.

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