Short Interest in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Drops By 76.1%

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 110,752 shares, a drop of 76.1% from the August 15th total of 462,505 shares. Based on an average trading volume of 299,781 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IDMO. LPL Financial LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after purchasing an additional 677,990 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Invesco S&P International Developed Momentum ETF by 33.2% in the first quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock valued at $115,078,000 after purchasing an additional 523,230 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P International Developed Momentum ETF by 25.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock worth $109,654,000 after purchasing an additional 398,485 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of Invesco S&P International Developed Momentum ETF by 135.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock worth $72,936,000 after buying an additional 755,465 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter worth approximately $47,926,000.

Invesco S&P International Developed Momentum ETF Trading Up 1.0%

IDMO stock traded up $0.63 during trading on Friday, reaching $62.89. 377,915 shares of the stock were exchanged, compared to its average volume of 447,652. The business has a 50 day moving average price of $61.51 and a 200-day moving average price of $59.57. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 18.41 and a beta of 0.79. Invesco S&P International Developed Momentum ETF has a 1 year low of $52.14 and a 1 year high of $63.88.

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.