Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Stock Short Interest Drops 72.2%

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,619 shares, a decrease of 72.2% from the August 31st total of 38,162 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 28,218 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P MidCap Value with Momentum ETF Stock Up 0.8%

NYSEARCA XMVM traded up $0.60 during trading hours on Friday, hitting $71.53. The company had a trading volume of 53,059 shares, compared to its average volume of 33,951. The firm has a market cap of $505.00 million, a P/E ratio of 11.50 and a beta of 0.97. Invesco S&P MidCap Value with Momentum ETF has a fifty-two week low of $58.18 and a fifty-two week high of $76.01. The business has a fifty day simple moving average of $74.27 and a 200-day simple moving average of $70.56.

Institutional Trading of Invesco S&P MidCap Value with Momentum ETF

Large investors have recently modified their holdings of the company. Pacific Sun Financial Corp boosted its stake in Invesco S&P MidCap Value with Momentum ETF by 2.7% during the 1st quarter. Pacific Sun Financial Corp now owns 6,523 shares of the company’s stock valued at $425,000 after purchasing an additional 170 shares during the period. Breakwater Capital Group increased its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 2.0% in the first quarter. Breakwater Capital Group now owns 17,983 shares of the company’s stock valued at $1,171,000 after purchasing an additional 361 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 23,723 shares of the company’s stock valued at $1,682,000 after buying an additional 397 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter valued at approximately $37,000. Finally, IFP Advisors Inc acquired a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter worth approximately $43,000.

About Invesco S&P MidCap Value with Momentum ETF

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.