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

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 17,300 shares, an increase of 55.9% from the October 15th total of 11,100 shares. Based on an average daily trading volume, of 20,700 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

A hedge fund recently raised its stake in Alpha Architect U.S. Quantitative Momentum ETF stock. Baker Boyer National Bank boosted its position in shares of Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,623 shares of the company’s stock after acquiring an additional 854 shares during the quarter. Baker Boyer National Bank owned 0.26% of Alpha Architect U.S. Quantitative Momentum ETF worth $682,000 at the end of the most recent quarter.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

Shares of NASDAQ:QMOM traded down $0.12 during midday trading on Thursday, reaching $69.36. 3,783 shares of the company’s stock were exchanged, compared to its average volume of 17,643. The stock has a market cap of $303.10 million, a price-to-earnings ratio of 11.02 and a beta of 1.08. Alpha Architect U.S. Quantitative Momentum ETF has a fifty-two week low of $45.72 and a fifty-two week high of $71.11. The firm’s 50 day simple moving average is $64.23 and its two-hundred day simple moving average is $60.79.

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.