Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Stock Short Interest Drops 57.2%

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 64,277 shares, a decline of 57.2% from the September 15th total of 150,165 shares. Based on an average daily trading volume, of 393,153 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Invesco S&P International Developed Momentum ETF Stock Up 0.3%

Shares of Invesco S&P International Developed Momentum ETF stock traded up $0.17 during trading hours on Tuesday, hitting $60.20. The company’s stock had a trading volume of 376,526 shares, compared to its average volume of 440,091. Invesco S&P International Developed Momentum ETF has a 1-year low of $52.14 and a 1-year high of $63.88. The business has a fifty day moving average of $62.14 and a 200 day moving average of $60.23. The company has a market capitalization of $4.24 billion, a PE ratio of 18.41 and a beta of 0.80.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Invesco S&P International Developed Momentum ETF by 33.2% in the 1st 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 in the last quarter. SHP Wealth Management bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth $47,926,000. Envestnet Asset Management Inc. raised its holdings in Invesco S&P International Developed Momentum ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 628,079 shares of the company’s stock valued at $37,867,000 after acquiring an additional 68,164 shares in the last quarter. Adamsbrown Wealth Consultants LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 5.1% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 624,654 shares of the company’s stock valued at $37,660,000 after acquiring an additional 30,045 shares in the last quarter. Finally, RFG Advisory LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 2.3% in the first quarter. RFG Advisory LLC now owns 570,425 shares of the company’s stock valued at $31,282,000 after acquiring an additional 12,606 shares in the last quarter.

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.