Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 99.8% in May

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 881,624 shares, a growth of 99.8% from the April 30th total of 441,322 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 433,115 shares, the short-interest ratio is currently 2.0 days.

Invesco S&P International Developed Momentum ETF Trading Down 1.2%

Invesco S&P International Developed Momentum ETF stock traded down $0.74 during mid-day trading on Monday, hitting $59.70. The stock had a trading volume of 432,231 shares, compared to its average volume of 516,286. Invesco S&P International Developed Momentum ETF has a one year low of $48.79 and a one year high of $61.17. The firm has a market capitalization of $3.60 billion, a P/E ratio of 18.41 and a beta of 0.81. The firm’s 50 day moving average is $58.29 and its 200 day moving average is $57.20.

Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF

Large investors have recently bought and sold shares of the business. Urban Wealth Management LLC boosted its stake in Invesco S&P International Developed Momentum ETF by 0.3% during the first quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock worth $4,483,000 after buying an additional 209 shares during the period. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 2.2% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock worth $598,000 after acquiring an additional 229 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 2.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,919 shares of the company’s stock worth $536,000 after purchasing an additional 259 shares during the period. HBW Advisory Services LLC grew its holdings in Invesco S&P International Developed Momentum ETF by 7.8% during the 4th quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock valued at $233,000 after purchasing an additional 302 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Invesco S&P International Developed Momentum ETF by 45.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after purchasing an additional 361 shares during the last quarter.

About Invesco S&P International Developed Momentum ETF

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.