Short Interest in Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Declines By 47.4%

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 19,319 shares, a drop of 47.4% from the July 30th total of 36,700 shares. Based on an average trading volume of 32,395 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco S&P MidCap Value with Momentum ETF

A number of institutional investors have recently bought and sold shares of the stock. Sovran Advisors LLC bought a new stake in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter worth approximately $882,000. Tactive Advisors LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the first quarter worth approximately $2,060,000. Whitaker Myers Wealth Managers LTD. increased its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock worth $16,380,000 after purchasing an additional 14,184 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF in the first quarter worth $4,359,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the 4th quarter valued at $2,908,000.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of Invesco S&P MidCap Value with Momentum ETF stock traded down $0.06 on Monday, hitting $74.39. 58,747 shares of the company’s stock were exchanged, compared to its average volume of 33,696. The company has a 50-day simple moving average of $73.47 and a 200-day simple moving average of $69.79. The stock has a market capitalization of $503.62 million, a PE ratio of 11.50 and a beta of 0.97. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $58.18 and a 1 year high of $75.98.

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.