Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Significant Drop in Short Interest

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 23,363 shares, a decline of 66.3% from the April 30th total of 69,397 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 173,367 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA XMHQ traded up $0.56 during mid-day trading on Friday, hitting $110.66. The company had a trading volume of 145,477 shares, compared to its average volume of 233,398. The business’s 50-day simple moving average is $106.69 and its 200 day simple moving average is $105.61. Invesco S&P MidCap Quality ETF has a 1-year low of $95.07 and a 1-year high of $112.49. The company has a market capitalization of $5.34 billion, a PE ratio of 16.29 and a beta of 0.98.

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

Several large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in shares of Invesco S&P MidCap Quality ETF by 700.0% in the first quarter. Glenmede Trust Co. NA now owns 800 shares of the company’s stock valued at $83,000 after purchasing an additional 700 shares during the period. Mascagni Wealth Management Inc. increased its stake in shares of Invesco S&P MidCap Quality ETF by 9.1% during the first quarter. Mascagni Wealth Management Inc. now owns 55,327 shares of the company’s stock valued at $5,719,000 after acquiring an additional 4,635 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco S&P MidCap Quality ETF by 2.1% during the first quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock valued at $67,917,000 after acquiring an additional 13,566 shares during the period. Cassady Wealth & Retirement Planning LLC increased its stake in shares of Invesco S&P MidCap Quality ETF by 11.2% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 29,425 shares of the company’s stock valued at $3,158,000 after acquiring an additional 2,961 shares during the period. Finally, Centaurus Financial Inc. increased its stake in shares of Invesco S&P MidCap Quality ETF by 1.1% during the first quarter. Centaurus Financial Inc. now owns 11,432 shares of the company’s stock valued at $1,182,000 after acquiring an additional 124 shares during the period.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.