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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 86,304 shares, an increase of 76.4% from the July 30th total of 48,930 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 149,608 shares, the days-to-cover ratio is presently 0.6 days.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $118.03 on Monday. The stock’s fifty day simple moving average is $115.24 and its 200 day simple moving average is $110.04. The company has a market capitalization of $5.61 billion, a PE ratio of 16.29 and a beta of 0.97. Invesco S&P MidCap Quality ETF has a 12 month low of $97.49 and a 12 month high of $119.99.

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

Several institutional investors and hedge funds have recently modified their holdings of XMHQ. Waverly Advisors LLC lifted its stake in shares of Invesco S&P MidCap Quality ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 27,762 shares of the company’s stock worth $2,870,000 after buying an additional 99 shares during the last quarter. Pacific Sun Financial Corp grew its stake in Invesco S&P MidCap Quality ETF by 1.1% in the 3rd quarter. Pacific Sun Financial Corp now owns 10,541 shares of the company’s stock valued at $1,106,000 after buying an additional 111 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 1.1% in the 1st quarter. Centaurus Financial Inc. now owns 11,432 shares of the company’s stock valued at $1,182,000 after acquiring an additional 124 shares during the period. Narus Financial Partners LLC raised its holdings in Invesco S&P MidCap Quality ETF by 3.3% in the 4th quarter. Narus Financial Partners LLC now owns 3,948 shares of the company’s stock valued at $404,000 after acquiring an additional 126 shares during the period. Finally, Pearl Planning LLC boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 1.9% during the second quarter. Pearl Planning LLC now owns 6,907 shares of the company’s stock worth $780,000 after acquiring an additional 127 shares during the period.

About Invesco S&P MidCap Quality ETF

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.