Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Large Decrease in Short Interest

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Pacific Sun Financial Corp raised its holdings in shares of 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 buying an additional 170 shares in the last quarter. Sigma Planning Corp boosted its stake in Invesco S&P MidCap Value with Momentum ETF by 3.7% in the fourth quarter. Sigma Planning Corp now owns 7,423 shares of the company’s stock worth $486,000 after buying an additional 266 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in Invesco S&P MidCap Value with Momentum ETF by 2.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 10,101 shares of the company’s stock valued at $648,000 after acquiring an additional 282 shares during the last quarter. Breakwater Capital Group grew its position in Invesco S&P MidCap Value with Momentum ETF by 2.0% during the first quarter. Breakwater Capital Group now owns 17,983 shares of the company’s stock valued at $1,171,000 after acquiring an additional 361 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter worth approximately $37,000.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

NYSEARCA:XMVM traded down $0.10 on Friday, hitting $74.45. The stock had a trading volume of 29,130 shares, compared to its average volume of 33,544. The stock has a market cap of $504.03 million, a P/E 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. The firm’s fifty day simple moving average is $73.38 and its two-hundred day simple moving average is $69.75.

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.