Short Interest in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Drops By 41.3%

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 12,500 shares, a drop of 41.3% from the August 31st total of 21,300 shares. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco S&P MidCap Value with Momentum ETF

Several hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. increased its position in Invesco S&P MidCap Value with Momentum ETF by 3.9% during the first quarter. Principal Securities Inc. now owns 5,511 shares of the company’s stock worth $305,000 after buying an additional 209 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 4.4% in the first quarter. Signature Estate & Investment Advisors LLC now owns 5,045 shares of the company’s stock valued at $266,000 after purchasing an additional 214 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 365.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 465 shares of the company’s stock valued at $25,000 after purchasing an additional 365 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 1.7% in the second quarter. Cetera Investment Advisers now owns 24,350 shares of the company’s stock valued at $1,354,000 after purchasing an additional 412 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF in the first quarter valued at $27,000.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Invesco S&P MidCap Value with Momentum ETF stock opened at $61.89 on Friday. The stock has a fifty day moving average of $59.65 and a two-hundred day moving average of $55.77. The company has a market capitalization of $300.17 million, a price-to-earnings ratio of 11.50 and a beta of 1.13. Invesco S&P MidCap Value with Momentum ETF has a fifty-two week low of $45.68 and a fifty-two week high of $62.85.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.