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

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 26,841 shares, a growth of 73.3% from the December 31st total of 15,486 shares. Based on an average trading volume of 24,148 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 24,148 shares, the days-to-cover ratio is presently 1.1 days.

Alpha Architect U.S. Quantitative Momentum ETF Stock Down 3.4%

Shares of QMOM stock opened at $67.88 on Monday. The company has a market capitalization of $380.81 million, a price-to-earnings ratio of 27.79 and a beta of 1.06. The firm has a fifty day moving average of $67.19 and a 200-day moving average of $65.16. Alpha Architect U.S. Quantitative Momentum ETF has a 12-month low of $49.78 and a 12-month high of $72.04.

Alpha Architect U.S. Quantitative Momentum ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.3541 per share. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QMOM. Baker Boyer National Bank boosted its holdings in shares of Alpha Architect U.S. Quantitative Momentum ETF by 3.2% during the 2nd quarter. Baker Boyer National Bank now owns 16,405 shares of the company’s stock worth $1,066,000 after buying an additional 511 shares during the period. Advantage Trust Co grew its position in Alpha Architect U.S. Quantitative Momentum ETF by 2.6% in the second quarter. Advantage Trust Co now owns 35,249 shares of the company’s stock valued at $2,290,000 after acquiring an additional 891 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in Alpha Architect U.S. Quantitative Momentum ETF by 40.2% in the 2nd quarter. Ethos Financial Group LLC now owns 121,773 shares of the company’s stock valued at $7,913,000 after purchasing an additional 34,929 shares during the last quarter.

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.