Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Sees Large Growth in Short Interest

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 363,890 shares, an increase of 500.3% from the April 30th total of 60,622 shares. Based on an average daily volume of 47,999 shares, the short-interest ratio is presently 7.6 days. Currently, 1.9% of the shares of the company are sold short.

Invesco S&P International Developed Quality ETF Trading Up 1.0%

Shares of IDHQ stock traded up $0.40 during trading hours on Thursday, hitting $41.76. 295,815 shares of the company were exchanged, compared to its average volume of 91,903. The firm has a fifty day simple moving average of $38.15 and a 200 day simple moving average of $37.00. Invesco S&P International Developed Quality ETF has a 52-week low of $31.54 and a 52-week high of $41.84. The stock has a market capitalization of $797.62 million, a price-to-earnings ratio of 19.13 and a beta of 0.92.

Institutional Investors Weigh In On Invesco S&P International Developed Quality ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in Invesco S&P International Developed Quality ETF by 79.7% during the 1st quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $93,000 after acquiring an additional 1,161 shares during the period. Kestra Advisory Services LLC bought a new stake in Invesco S&P International Developed Quality ETF during the 4th quarter valued at $188,000. Richmond Investment Services LLC bought a new stake in Invesco S&P International Developed Quality ETF during the 4th quarter valued at $210,000. Secure Asset Management LLC raised its holdings in Invesco S&P International Developed Quality ETF by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 6,648 shares of the company’s stock valued at $234,000 after acquiring an additional 303 shares during the period. Finally, Equitable Holdings Inc. bought a new stake in Invesco S&P International Developed Quality ETF during the 3rd quarter valued at $255,000.

Invesco S&P International Developed Quality ETF Company Profile

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.