Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Significant Increase in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 36,700 shares, a growth of 293.4% from the July 15th total of 9,330 shares. Based on an average daily trading volume, of 27,131 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco S&P MidCap Value with Momentum ETF

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 0.8% during the first 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 grew its holdings 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 worth $3,061,000 after purchasing an additional 41,976 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 3.2% in the second quarter. Captrust Financial Advisors now owns 59,622 shares of the company’s stock worth $3,317,000 after purchasing an additional 1,830 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Invesco S&P MidCap Value with Momentum ETF in the 2nd quarter worth about $369,000. Finally, BNP Paribas Financial Markets bought a new stake in Invesco S&P MidCap Value with Momentum ETF during the 3rd quarter valued at about $616,000.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

XMVM opened at $75.17 on Thursday. The stock’s 50 day moving average price is $72.25 and its 200-day moving average price is $69.11. Invesco S&P MidCap Value with Momentum ETF has a one year low of $56.99 and a one year high of $75.92. The stock has a market cap of $508.90 million, a price-to-earnings ratio of 11.50 and a beta of 0.97.

About Invesco S&P MidCap Value with Momentum ETF

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.