Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Down 67.9% in July

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 9,330 shares, a decrease of 67.9% from the June 30th total of 29,043 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 28,959 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Key Client Fiduciary Advisors LLC raised its stake in Invesco S&P MidCap Value with Momentum ETF by 27.5% during the second quarter. Key Client Fiduciary Advisors LLC now owns 8,620 shares of the company’s stock worth $611,000 after acquiring an additional 1,860 shares during the period. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock valued at $16,380,000 after purchasing an additional 14,184 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter valued at approximately $37,000. Bank of America Corp DE grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 1.1% during the first quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock valued at $36,870,000 after purchasing an additional 6,220 shares during the last quarter. Finally, Everest Financial Group LLC raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 5.8% during the 1st quarter. Everest Financial Group LLC now owns 35,254 shares of the company’s stock worth $2,296,000 after purchasing an additional 1,936 shares during the period.

Invesco S&P MidCap Value with Momentum ETF Trading Up 1.0%

Invesco S&P MidCap Value with Momentum ETF stock traded up $0.78 during mid-day trading on Tuesday, reaching $75.18. The company’s stock had a trading volume of 52,576 shares, compared to its average volume of 34,187. Invesco S&P MidCap Value with Momentum ETF has a twelve month low of $54.32 and a twelve month high of $75.28. The business has a 50 day moving average price of $70.80 and a 200-day moving average price of $68.38. The firm has a market cap of $506.71 million, a price-to-earnings ratio of 11.50 and a beta of 0.98.

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.