Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Short Interest Up 81.5% in June

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,263 shares, a growth of 81.5% from the June 15th total of 8,409 shares. Based on an average daily trading volume, of 21,382 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Alpha Architect U.S. Quantitative Momentum ETF Stock Performance

Shares of QMOM stock opened at $74.18 on Friday. The firm’s 50 day moving average price is $77.79 and its two-hundred day moving average price is $73.28. Alpha Architect U.S. Quantitative Momentum ETF has a 52-week low of $60.24 and a 52-week high of $81.95. The stock has a market cap of $421.34 million, a PE ratio of 27.79 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantage Trust Co grew its stake in shares of Alpha Architect U.S. Quantitative Momentum ETF by 5.1% during the fourth quarter. Advantage Trust Co now owns 44,688 shares of the company’s stock worth $2,918,000 after purchasing an additional 2,175 shares during the period. Stillwater Private Wealth LLC acquired a new position in Alpha Architect U.S. Quantitative Momentum ETF during the first quarter valued at approximately $1,420,000. Baker Boyer National Bank increased its stake in Alpha Architect U.S. Quantitative Momentum ETF by 1.2% in the fourth quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock valued at $1,123,000 after purchasing an additional 199 shares in the last quarter. Sankala Group LLC bought a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at approximately $650,000. Finally, Opal Capital LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter worth $300,000.

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.