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

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 65,400 shares, an increase of 59.9% from the November 30th total of 40,900 shares. Based on an average daily volume of 28,500 shares, the days-to-cover ratio is presently 2.3 days.

Alpha Architect U.S. Quantitative Momentum ETF Trading Down 0.9 %

Shares of QMOM stock opened at $64.73 on Friday. The company’s fifty day moving average price is $67.68 and its 200-day moving average price is $62.91. The stock has a market cap of $282.87 million, a PE ratio of 11.02 and a beta of 1.08. Alpha Architect U.S. Quantitative Momentum ETF has a 12 month low of $48.31 and a 12 month high of $72.19.

Alpha Architect U.S. Quantitative Momentum ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be paid a dividend of $0.9009 per share. The ex-dividend date is Tuesday, December 24th.

Hedge Funds 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 lifted its position in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,769 shares of the company’s stock after buying an additional 783 shares during the period. Baker Boyer National Bank owned about 0.25% of Alpha Architect U.S. Quantitative Momentum ETF worth $569,000 as of its most recent SEC filing.

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.