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

Posted by Renee Jackson on Oct 25th, 2024

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 11,100 shares, a decline of 76.1% from the September 30th total of 46,500 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 0.5 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. Ethos Financial Group LLC lifted its stake in shares of Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM – Free Report) by 42.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,080 shares of the company’s stock after purchasing an additional 18,899 shares during the quarter. Ethos Financial Group LLC owned 1.69% of Alpha Architect U.S. Quantitative Momentum ETF worth $3,729,000 as of its most recent SEC filing.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 0.2 %

Shares of NASDAQ:QMOM traded down $0.15 on Friday, reaching $63.85. 16,866 shares of the company’s stock were exchanged, compared to its average volume of 17,117. Alpha Architect U.S. Quantitative Momentum ETF has a twelve month low of $40.18 and a twelve month high of $66.88. The company has a fifty day moving average of $62.63 and a 200-day moving average of $59.76. The company has a market capitalization of $259.23 million, a price-to-earnings ratio of 11.02 and a beta of 1.08.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

(Get Free Report)

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.