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

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 64,277 shares, a decrease of 57.2% from the September 15th total of 150,165 shares. Based on an average trading volume of 393,153 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO stock traded down $0.10 during trading hours on Thursday, reaching $59.19. The company had a trading volume of 306,532 shares, compared to its average volume of 439,429. The stock has a fifty day moving average of $61.99 and a 200-day moving average of $60.35. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12-month low of $52.14 and a 12-month high of $63.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kinetic Wealth Investment Advisors LLC acquired a new position in Invesco S&P International Developed Momentum ETF in the second quarter valued at $2,477,000. Integrated Wealth Concepts LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 180.5% in the second quarter. Integrated Wealth Concepts LLC now owns 134,169 shares of the company’s stock worth $8,089,000 after acquiring an additional 86,340 shares during the last quarter. Corient Private Wealth LP purchased a new stake in Invesco S&P International Developed Momentum ETF in the second quarter valued at approximately $505,000. Lunt Capital Management Inc. purchased a new position in Invesco S&P International Developed Momentum ETF during the second quarter worth approximately $904,000. Finally, Waverly Advisors LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 8,402.9% during the 2nd quarter. Waverly Advisors LLC now owns 109,942 shares of the company’s stock valued at $6,628,000 after buying an additional 108,649 shares during the period.

About Invesco S&P International Developed Momentum ETF

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.