Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Update

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 19,319 shares, a decline of 47.4% from the July 30th total of 36,700 shares. Based on an average trading volume of 32,395 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco S&P MidCap Value with Momentum ETF

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 1.1% in the first quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock worth $36,870,000 after purchasing an additional 6,220 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco S&P MidCap Value with Momentum ETF by 3.3% in the 4th quarter. LPL Financial LLC now owns 562,745 shares of the company’s stock worth $36,106,000 after acquiring an additional 18,141 shares during the last quarter. Whitaker Myers Wealth Managers LTD. grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock valued at $16,380,000 after purchasing an additional 14,184 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco S&P MidCap Value with Momentum ETF by 7.7% in the 3rd quarter. Raymond James Financial Inc. now owns 149,246 shares of the company’s stock valued at $9,198,000 after purchasing an additional 10,608 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 14.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock worth $9,539,000 after acquiring an additional 18,909 shares during the last quarter.

Invesco S&P MidCap Value with Momentum ETF Price Performance

XMVM opened at $74.39 on Tuesday. The company’s 50 day simple moving average is $73.47 and its 200-day simple moving average is $69.79. The stock has a market capitalization of $503.62 million, a P/E ratio of 11.50 and a beta of 0.97. Invesco S&P MidCap Value with Momentum ETF has a one year low of $58.18 and a one year high of $75.98.

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.