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AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference, not a current-day signal.
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSEARCA:AMOM - Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 474 shares, a decline of 80.3% from the August 31st total of 2,403 shares. Currently, 0.1% of the shares of the company
Wall Street has been training machines to pick stocks for decades, yet the results from the world's first fully AI-driven ETF tell a story that most ChatGPT-era investors never expected to hear.
Artificial intelligence has become one of the defining investment themes of this cycle. Yes, we may be hearing about the AI pullback as a valuation reset.
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSEARCA:AMOM - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 9,362 shares, a growth of 23.9% from the December 15th total of 7,559 shares. Based on an average daily trading volume, of
Momentum investing is likely to be a winning strategy for those seeking higher returns in a short spell.
AMOM is an AI-powered ETF that holds a portfolio of 50 large-cap stocks selected for their momentum features. Its expense ratio is 0.75%, and AMOM has $23 million in assets. Since its launch six years ago, AMOM has yet to attract many investors, and the lack of interest could lead to liquidation sometime soon if results don't improve. Inconsistency is AMOM's main problem. The portfolio turns over about once every two months, and my factor-tracking over the last year suggests quality is not a focus for AI.
AIEQ: An Example Of AI Failure
Qraft's Francis Oh joins to talk about the AMOM A.I. ETF. Top holdings include Nvidia (NVDA), Apple (AAPL), and Eli Lilly (LLY).