Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Down 67.9% in July

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,330 shares, a drop of 67.9% from the June 30th total of 29,043 shares. Based on an average daily trading volume, of 28,959 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of XMVM opened at $74.18 on Friday. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $54.32 and a 1 year high of $74.71. The company has a market cap of $499.97 million, a price-to-earnings ratio of 11.50 and a beta of 0.98. The firm has a fifty day moving average of $70.68 and a 200-day moving average of $68.30.

Institutional Trading of Invesco S&P MidCap Value with Momentum ETF

Several hedge funds have recently bought and sold shares of XMVM. Royal Bank of Canada grew its position in Invesco S&P MidCap Value with Momentum ETF by 0.8% in the 1st quarter. Royal Bank of Canada now owns 75,247 shares of the company’s stock worth $3,969,000 after purchasing an additional 579 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 321.7% in the second quarter. MML Investors Services LLC now owns 55,025 shares of the company’s stock valued at $3,061,000 after purchasing an additional 41,976 shares during the period. Captrust Financial Advisors raised its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 3.2% during the second quarter. Captrust Financial Advisors now owns 59,622 shares of the company’s stock valued at $3,317,000 after buying an additional 1,830 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the second quarter valued at approximately $369,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the third quarter valued at approximately $616,000.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.