Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 99.8% in May

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 881,624 shares, an increase of 99.8% from the April 30th total of 441,322 shares. Based on an average daily volume of 433,115 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.5% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $25,000. Bessemer Group Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $29,000. Harbor Asset Planning Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter valued at about $41,000. Clarity Asset Management Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 4th quarter valued at about $62,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Invesco S&P International Developed Momentum ETF by 45.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after purchasing an additional 361 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Trading Down 1.1%

Shares of NYSEARCA:IDMO traded down $0.64 on Wednesday, reaching $59.63. 252,911 shares of the company were exchanged, compared to its average volume of 513,807. Invesco S&P International Developed Momentum ETF has a 1-year low of $48.79 and a 1-year high of $61.17. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 18.41 and a beta of 0.81. The company has a 50-day moving average of $58.29 and a 200-day moving average of $57.20.

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.