Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Shares Shorted: Short Interest Down 35.5% in October

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 348,851 shares, a drop of 35.5% from the September 30th total of 540,539 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 381,191 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Invesco S&P MidCap Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. lifted its position in Invesco S&P MidCap Momentum ETF by 634.6% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 191 shares of the company’s stock valued at $28,000 after purchasing an additional 165 shares during the last quarter. Wellington Altus USA Inc. bought a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $35,000. Signature Equity Partners LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter valued at approximately $46,000. Godsey & Gibb Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $65,000. Finally, BOKF NA acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $83,000.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA:XMMO opened at $136.13 on Monday. Invesco S&P MidCap Momentum ETF has a 52-week low of $129.31 and a 52-week high of $173.94. The company has a market capitalization of $6.55 billion, a PE ratio of 22.06 and a beta of 1.10. The stock has a fifty day simple moving average of $147.43 and a 200-day simple moving average of $153.80.

Invesco S&P MidCap Momentum ETF Company Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.