Short Interest in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Drops By 55.0%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 13,800 shares, a drop of 55.0% from the January 31st total of 30,700 shares. Based on an average daily trading volume, of 39,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in QMOM. Baker Boyer National Bank raised its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 2.3% in the 4th quarter. Baker Boyer National Bank now owns 10,868 shares of the company’s stock worth $697,000 after acquiring an additional 245 shares in the last quarter. Fifth Third Securities Inc. bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth approximately $421,000. Aspect Partners LLC raised its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 157.8% in the 4th quarter. Aspect Partners LLC now owns 1,312 shares of the company’s stock worth $84,000 after acquiring an additional 803 shares in the last quarter. Advantage Trust Co bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter worth approximately $912,000. Finally, Ethos Financial Group LLC raised its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 23.5% in the 4th quarter. Ethos Financial Group LLC now owns 86,844 shares of the company’s stock worth $5,569,000 after acquiring an additional 16,543 shares in the last quarter.

Alpha Architect U.S. Quantitative Momentum ETF Stock Performance

NASDAQ QMOM opened at $62.38 on Friday. Alpha Architect U.S. Quantitative Momentum ETF has a fifty-two week low of $53.34 and a fifty-two week high of $72.19. The stock has a market cap of $303.17 million, a P/E ratio of 11.02 and a beta of 1.08. The stock has a 50 day simple moving average of $66.25 and a two-hundred day simple moving average of $65.37.

Alpha Architect U.S. Quantitative Momentum ETF Dividend Announcement

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

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.