Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Sees Large Increase in Short Interest

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 80,935 shares, an increase of 254.8% from the September 30th total of 22,812 shares. Based on an average daily trading volume, of 254,533 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Invesco S&P International Developed Quality ETF Stock Performance

IDHQ stock traded down $0.35 during mid-day trading on Friday, reaching $44.16. The company had a trading volume of 20,053 shares, compared to its average volume of 138,542. Invesco S&P International Developed Quality ETF has a fifty-two week low of $33.24 and a fifty-two week high of $46.35. The firm has a fifty day simple moving average of $44.24 and a 200 day simple moving average of $41.09. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.13 and a beta of 0.91.

Institutional Trading of Invesco S&P International Developed Quality ETF

A number of large investors have recently bought and sold shares of IDHQ. KWB Wealth boosted its stake in shares of Invesco S&P International Developed Quality ETF by 3,174.4% in the second quarter. KWB Wealth now owns 542,925 shares of the company’s stock valued at $23,731,000 after buying an additional 526,344 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P International Developed Quality ETF by 219.8% during the first quarter. Bank of America Corp DE now owns 215,304 shares of the company’s stock worth $7,615,000 after buying an additional 147,989 shares during the period. Councilor Wealth LLC acquired a new position in Invesco S&P International Developed Quality ETF during the third quarter worth about $3,904,000. Elevated Financial Group LLC grew its position in Invesco S&P International Developed Quality ETF by 15.4% during the third quarter. Elevated Financial Group LLC now owns 301,595 shares of the company’s stock worth $13,008,000 after buying an additional 40,167 shares during the period. Finally, IFP Advisors Inc purchased a new position in Invesco S&P International Developed Quality ETF in the third quarter valued at about $1,091,000.

About Invesco S&P International Developed Quality ETF

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.