Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Update

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 244,217 shares, a drop of 72.3% from the May 14th total of 881,624 shares. Based on an average daily volume of 342,864 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Invesco S&P International Developed Momentum ETF Trading Up 4.3%

Shares of IDMO stock traded up $2.43 on Thursday, reaching $59.01. The company’s stock had a trading volume of 229,088 shares, compared to its average volume of 511,240. The stock’s fifty day simple moving average is $58.98 and its 200-day simple moving average is $57.43. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1 year low of $48.79 and a 1 year high of $61.17.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Urban Wealth Management LLC increased its holdings in Invesco S&P International Developed Momentum ETF by 0.3% during the first quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock valued at $4,483,000 after buying an additional 209 shares during the period. Walled Lake Planning & Wealth Management LLC increased its holdings in Invesco S&P International Developed Momentum ETF by 2.2% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock valued at $598,000 after buying an additional 229 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Invesco S&P International Developed Momentum ETF by 2.7% during the third quarter. Stratos Wealth Partners LTD. now owns 9,919 shares of the company’s stock valued at $536,000 after buying an additional 259 shares during the period. HBW Advisory Services LLC grew its position in shares of Invesco S&P International Developed Momentum ETF by 7.8% in the 4th quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock worth $233,000 after buying an additional 302 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 valued at $64,000 after purchasing an additional 361 shares during 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.