Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 426.5% in July

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 462,296 shares, an increase of 426.5% from the July 15th total of 87,798 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 351,344 shares, the short-interest ratio is presently 1.3 days.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of Invesco S&P International Developed Momentum ETF stock traded up $0.20 during trading hours on Friday, reaching $63.40. 28,259 shares of the company were exchanged, compared to its average volume of 462,058. The firm has a market cap of $4.28 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1 year low of $51.91 and a 1 year high of $63.40. The stock’s fifty day moving average is $60.25 and its 200 day moving average is $58.95.

Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter worth about $25,000. Harbor Asset Planning Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the first quarter valued at approximately $41,000. Bessemer Group Inc. lifted its stake in Invesco S&P International Developed Momentum ETF by 90.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock worth $55,000 after acquiring an additional 480 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter worth approximately $62,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Invesco S&P International Developed Momentum ETF by 45.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after acquiring an additional 361 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Company Profile

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.