Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Down 44.4% in May

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 10,852 shares, a decline of 44.4% from the April 30th total of 19,513 shares. Based on an average daily trading volume, of 25,653 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Invesco S&P MidCap Value with Momentum ETF Trading Down 0.5%

Shares of XMVM stock opened at $68.85 on Thursday. Invesco S&P MidCap Value with Momentum ETF has a 1-year low of $53.49 and a 1-year high of $70.13. The company has a market capitalization of $449.59 million, a price-to-earnings ratio of 11.50 and a beta of 1.00. The stock’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $66.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the first quarter valued at $37,000. IFP Advisors Inc purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter valued at $43,000. Private Trust Co. NA grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 46.4% during the fourth quarter. Private Trust Co. NA now owns 694 shares of the company’s stock valued at $45,000 after buying an additional 220 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter valued at $63,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 123.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,106 shares of the company’s stock valued at $71,000 after buying an additional 610 shares in the last quarter.

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.