Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Short Interest Update

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 296,824 shares, a growth of 90.3% from the June 15th total of 155,998 shares. Based on an average daily trading volume, of 421,664 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Insight Wealth Strategies LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 1.1% during the second quarter. Insight Wealth Strategies LLC now owns 93,115 shares of the company’s stock worth $15,457,000 after purchasing an additional 1,040 shares during the last quarter. Accel Wealth Management raised its position in Invesco S&P MidCap Momentum ETF by 10.0% during the 2nd quarter. Accel Wealth Management now owns 31,416 shares of the company’s stock worth $5,345,000 after buying an additional 2,864 shares during the last quarter. HRC Wealth Management LLC raised its position in Invesco S&P MidCap Momentum ETF by 13.4% during the 2nd quarter. HRC Wealth Management LLC now owns 5,070 shares of the company’s stock worth $863,000 after buying an additional 600 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 13.3% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,945 shares of the company’s stock worth $331,000 after acquiring an additional 229 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 1.2% in the 2nd quarter. Focus Financial Network Inc. now owns 125,386 shares of the company’s stock worth $21,333,000 after acquiring an additional 1,432 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 0.5%

Shares of XMMO stock opened at $157.08 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 52-week low of $126.64 and a 52-week high of $173.94. The stock’s 50-day moving average price is $165.97 and its 200 day moving average price is $154.14.

About Invesco S&P MidCap Momentum ETF

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.