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

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 226,103 shares, a decline of 37.9% from the May 14th total of 363,890 shares. Based on an average trading volume of 136,668 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the shares of the company are short sold.

Invesco S&P International Developed Quality ETF Stock Performance

Shares of NYSEARCA IDHQ opened at $41.82 on Monday. The firm has a market cap of $798.76 million, a P/E ratio of 19.13 and a beta of 0.93. The business’s 50 day moving average is $39.50 and its 200-day moving average is $37.58. Invesco S&P International Developed Quality ETF has a 1-year low of $31.54 and a 1-year high of $41.99.

Institutional Investors Weigh In On Invesco S&P International Developed Quality ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of Invesco S&P International Developed Quality ETF by 79.7% in the first quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $93,000 after acquiring an additional 1,161 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Invesco S&P International Developed Quality ETF in the fourth quarter valued at about $188,000. Richmond Investment Services LLC acquired a new position in shares of Invesco S&P International Developed Quality ETF in the fourth quarter valued at about $210,000. Secure Asset Management LLC grew its stake in shares of Invesco S&P International Developed Quality ETF by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 6,648 shares of the company’s stock valued at $234,000 after acquiring an additional 303 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new position in shares of Invesco S&P International Developed Quality ETF in the third quarter valued at about $255,000.

Invesco S&P International Developed Quality ETF Company Profile

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.