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 growth in short interest during the month of May. As of May 15th, there was short interest totaling 881,624 shares, a growth of 99.8% from the April 30th total of 441,322 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 433,115 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. D Orazio & Associates Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 347.3% in the third quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock worth $11,744,000 after acquiring an additional 168,892 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 26.0% in the third quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock worth $23,077,000 after acquiring an additional 88,151 shares during the last quarter. Embree Financial Group lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 39.5% in the fourth quarter. Embree Financial Group now owns 61,685 shares of the company’s stock worth $3,428,000 after acquiring an additional 17,469 shares during the last quarter. Foresight Capital Management Advisors Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 112.5% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock worth $5,507,000 after acquiring an additional 52,469 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 79.8% in the fourth quarter. Perigon Wealth Management LLC now owns 34,793 shares of the company’s stock worth $1,933,000 after acquiring an additional 15,443 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Up 1.0%

Shares of IDMO stock traded up $0.57 on Tuesday, reaching $60.27. The company had a trading volume of 558,385 shares, compared to its average volume of 516,692. The stock has a market capitalization of $3.64 billion, a PE ratio of 18.41 and a beta of 0.81. Invesco S&P International Developed Momentum ETF has a one year low of $48.79 and a one year high of $61.17. The business’s 50-day moving average is $58.29 and its 200 day moving average is $57.20.

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.