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

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 311,673 shares, an increase of 625.8% from the June 15th total of 42,944 shares. Based on an average daily volume of 390,147 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

Invesco S&P International Developed Momentum ETF Stock Performance

NYSEARCA:IDMO traded up $0.33 during trading hours on Friday, reaching $60.14. The company’s stock had a trading volume of 324,322 shares, compared to its average volume of 488,863. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The firm has a 50-day simple moving average of $59.93 and a 200-day simple moving average of $58.25. Invesco S&P International Developed Momentum ETF has a 1 year low of $50.21 and a 1 year high of $62.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at approximately $25,000. Harbor Asset Planning Inc. bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 1st quarter worth approximately $41,000. Bessemer Group Inc. grew its position in shares of Invesco S&P International Developed Momentum ETF by 90.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock worth $55,000 after buying an additional 480 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter valued at approximately $62,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Invesco S&P International Developed Momentum ETF by 45.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after buying an additional 361 shares during the period.

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.