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

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 22,600 shares, a growth of 63.8% from the February 13th total of 13,800 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 40,400 shares, the short-interest ratio is presently 0.6 days.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

Shares of NASDAQ:QMOM opened at $57.49 on Friday. The business’s 50-day moving average is $64.93 and its 200 day moving average is $65.25. Alpha Architect U.S. Quantitative Momentum ETF has a 1 year low of $53.34 and a 1 year high of $72.19. The firm has a market capitalization of $279.40 million, a P/E ratio of 24.78 and a beta of 1.08.

Alpha Architect U.S. Quantitative Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a dividend of $0.9009 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Aspect Partners LLC increased its holdings in shares of Alpha Architect U.S. Quantitative Momentum ETF by 157.8% in the fourth quarter. Aspect Partners LLC now owns 1,312 shares of the company’s stock valued at $84,000 after purchasing an additional 803 shares during the period. Ancora Advisors LLC acquired a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $263,000. Fifth Third Securities Inc. acquired a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $421,000. Baker Boyer National Bank increased its holdings in shares of Alpha Architect U.S. Quantitative Momentum ETF by 2.3% in the fourth quarter. Baker Boyer National Bank now owns 10,868 shares of the company’s stock valued at $697,000 after purchasing an additional 245 shares during the period. Finally, Advantage Trust Co acquired a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter valued at about $912,000.

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.