Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Significant Drop in Short Interest

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 65,555 shares, a drop of 58.3% from the September 15th total of 157,363 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 168,238 shares, the days-to-cover ratio is presently 0.4 days.

Invesco S&P MidCap Quality ETF Price Performance

XMHQ stock traded up $0.49 during trading on Tuesday, hitting $114.68. The stock had a trading volume of 156,814 shares, compared to its average volume of 202,799. Invesco S&P MidCap Quality ETF has a twelve month low of $97.49 and a twelve month high of $119.99. The stock has a market capitalization of $5.48 billion, a P/E ratio of 16.29 and a beta of 0.98. The company’s 50-day moving average price is $116.22 and its two-hundred day moving average price is $112.01.

Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Invesco S&P MidCap Quality ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock worth $144,975,000 after purchasing an additional 95,372 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P MidCap Quality ETF by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,209,723 shares of the company’s stock valued at $136,554,000 after purchasing an additional 7,521 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco S&P MidCap Quality ETF by 2.1% in the 1st quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock valued at $67,917,000 after purchasing an additional 13,566 shares during the last quarter. Waverly Advisors LLC raised its stake in Invesco S&P MidCap Quality ETF by 1,592.6% in the 2nd quarter. Waverly Advisors LLC now owns 469,902 shares of the company’s stock valued at $53,043,000 after purchasing an additional 442,140 shares during the last quarter. Finally, Straightline Group LLC raised its stake in Invesco S&P MidCap Quality ETF by 1.8% in the 2nd quarter. Straightline Group LLC now owns 370,591 shares of the company’s stock valued at $41,832,000 after purchasing an additional 6,632 shares during the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.