Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Large Decline in Short Interest

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 23,363 shares, a decline of 66.3% from the April 30th total of 69,397 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 173,367 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P MidCap Quality ETF Trading Up 0.5%

Shares of XMHQ traded up $0.56 during trading hours on Friday, hitting $110.66. The company had a trading volume of 145,477 shares, compared to its average volume of 233,398. The company has a market capitalization of $5.34 billion, a PE ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a one year low of $95.07 and a one year high of $112.49. The company’s fifty day moving average price is $106.69 and its two-hundred day moving average price is $105.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its stake in Invesco S&P MidCap Quality ETF by 700.0% during the 1st quarter. Glenmede Trust Co. NA now owns 800 shares of the company’s stock worth $83,000 after buying an additional 700 shares during the last quarter. Mascagni Wealth Management Inc. grew its stake in Invesco S&P MidCap Quality ETF by 9.1% during the 1st quarter. Mascagni Wealth Management Inc. now owns 55,327 shares of the company’s stock worth $5,719,000 after buying an additional 4,635 shares during the last quarter. Bank of America Corp DE grew its stake in Invesco S&P MidCap Quality ETF by 2.1% during the 1st quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock worth $67,917,000 after buying an additional 13,566 shares during the last quarter. Cassady Wealth & Retirement Planning LLC grew its stake in Invesco S&P MidCap Quality ETF by 11.2% during the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 29,425 shares of the company’s stock worth $3,158,000 after buying an additional 2,961 shares during the last quarter. Finally, Centaurus Financial Inc. grew its stake in Invesco S&P MidCap Quality ETF by 1.1% during the 1st quarter. Centaurus Financial Inc. now owns 11,432 shares of the company’s stock worth $1,182,000 after buying an additional 124 shares during the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.