Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Stock Short Interest Drops 58.3%

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 65,555 shares, a decline of 58.3% from the September 15th total of 157,363 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 168,238 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P MidCap Quality ETF Stock Up 1.3%

NYSEARCA:XMHQ traded up $1.46 during trading hours on Thursday, hitting $115.22. 400,509 shares of the company traded hands, compared to its average volume of 203,683. Invesco S&P MidCap Quality ETF has a one year low of $97.49 and a one year high of $119.99. The company has a market cap of $5.49 billion, a PE ratio of 16.29 and a beta of 0.98. The firm’s 50-day simple moving average is $116.02 and its 200-day simple moving average is $112.27.

Institutional Investors Weigh In On Invesco S&P MidCap Quality ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Invesco S&P MidCap Quality ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock valued at $144,975,000 after acquiring an additional 95,372 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P MidCap Quality ETF by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,209,723 shares of the company’s stock valued at $136,554,000 after acquiring an additional 7,521 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P MidCap Quality ETF by 2.1% during the 1st quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock worth $67,917,000 after acquiring an additional 13,566 shares during the period. Waverly Advisors LLC increased its holdings in Invesco S&P MidCap Quality ETF by 1,592.6% during the 2nd quarter. Waverly Advisors LLC now owns 469,902 shares of the company’s stock worth $53,043,000 after acquiring an additional 442,140 shares during the period. Finally, Straightline Group LLC increased its holdings in Invesco S&P MidCap Quality ETF by 1.8% during the 2nd quarter. Straightline Group LLC now owns 370,591 shares of the company’s stock worth $41,832,000 after acquiring an additional 6,632 shares during the period.

About Invesco S&P MidCap Quality ETF

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.