Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Significant Growth in Short Interest

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 296,824 shares, a growth of 90.3% from the June 15th total of 155,998 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 421,664 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco S&P MidCap Momentum ETF

A number of institutional investors have recently modified their holdings of XMMO. Insight Wealth Strategies LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.1% in the 2nd quarter. Insight Wealth Strategies LLC now owns 93,115 shares of the company’s stock valued at $15,457,000 after buying an additional 1,040 shares during the period. Accel Wealth Management lifted its stake in Invesco S&P MidCap Momentum ETF by 10.0% during the 2nd quarter. Accel Wealth Management now owns 31,416 shares of the company’s stock worth $5,345,000 after acquiring an additional 2,864 shares in the last quarter. HRC Wealth Management LLC boosted its holdings in Invesco S&P MidCap Momentum ETF by 13.4% during the 2nd quarter. HRC Wealth Management LLC now owns 5,070 shares of the company’s stock valued at $863,000 after acquiring an additional 600 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Invesco S&P MidCap Momentum ETF by 13.3% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,945 shares of the company’s stock valued at $331,000 after acquiring an additional 229 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in Invesco S&P MidCap Momentum ETF by 1.2% during the 2nd quarter. Focus Financial Network Inc. now owns 125,386 shares of the company’s stock valued at $21,333,000 after acquiring an additional 1,432 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Down 1.7%

NYSEARCA XMMO traded down $2.76 on Thursday, reaching $157.92. The stock had a trading volume of 522,176 shares, compared to its average volume of 356,129. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. Invesco S&P MidCap Momentum ETF has a 12-month low of $126.64 and a 12-month high of $173.94. The stock has a fifty day moving average price of $166.27 and a two-hundred day moving average price of $154.01.

About Invesco S&P MidCap Momentum ETF

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.