Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Sees Significant Increase in Short Interest

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 126,284 shares, an increase of 96.5% from the September 30th total of 64,277 shares. Based on an average trading volume of 388,939 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Invesco S&P International Developed Momentum ETF Price Performance

Invesco S&P International Developed Momentum ETF stock opened at $57.71 on Tuesday. The firm has a market capitalization of $4.13 billion, a PE ratio of 18.41 and a beta of 0.80. The company’s 50-day moving average is $60.98 and its 200-day moving average is $59.50. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $52.14 and a fifty-two week high of $63.88.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IDMO. Commonwealth Equity Services LLC bought a new position in Invesco S&P International Developed Momentum ETF during the third quarter worth about $47,606,000. Cetera Investment Advisers boosted its holdings in Invesco S&P International Developed Momentum ETF by 33.2% in the 1st quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock valued at $115,078,000 after purchasing an additional 523,230 shares during the period. Planning Alternatives Ltd. ADV acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter worth approximately $26,486,000. Gratus Wealth Advisors LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter worth approximately $25,052,000. Finally, Bank of America Corp DE increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 495.9% during the first quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock worth $29,373,000 after purchasing an additional 445,719 shares during the period.

About Invesco S&P International Developed Momentum ETF

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.