Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Sees Significant Decrease in Short Interest

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 87,798 shares, a decline of 71.8% from the June 30th total of 311,673 shares. Based on an average daily volume of 354,218 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P International Developed Momentum ETF Trading Up 0.5%

IDMO stock traded up $0.31 during mid-day trading on Friday, hitting $59.76. The stock had a trading volume of 159,835 shares, compared to its average volume of 477,185. Invesco S&P International Developed Momentum ETF has a 1-year low of $50.21 and a 1-year high of $62.20. The company has a fifty day moving average of $59.82 and a 200 day moving average of $58.50. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 3.8% in the second quarter. Annex Advisory Services LLC now owns 41,015 shares of the company’s stock valued at $2,473,000 after acquiring an additional 1,491 shares during the last quarter. Insight Wealth Strategies LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 4.7% during the 2nd quarter. Insight Wealth Strategies LLC now owns 385,732 shares of the company’s stock worth $23,098,000 after purchasing an additional 17,222 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 15.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,477 shares of the company’s stock worth $632,000 after purchasing an additional 1,380 shares during the last quarter. CPA Asset Management Group LLC raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 251.6% during the 2nd quarter. CPA Asset Management Group LLC now owns 176,931 shares of the company’s stock valued at $10,667,000 after purchasing an additional 126,615 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 4.4% during the 2nd quarter. Professional Financial Advisors LLC now owns 68,552 shares of the company’s stock valued at $4,133,000 after purchasing an additional 2,877 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Company Profile

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.