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

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 30,314 shares, an increase of 68.9% from the September 30th total of 17,947 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 28,576 shares, the short-interest ratio is presently 1.1 days.

Invesco S&P MidCap Value with Momentum ETF Stock Down 0.6%

Shares of XMVM stock opened at $74.47 on Wednesday. The stock has a market cap of $530.97 million, a P/E ratio of 11.50 and a beta of 0.98. Invesco S&P MidCap Value with Momentum ETF has a 52 week low of $58.75 and a 52 week high of $76.01. The company’s fifty day simple moving average is $73.00 and its two-hundred day simple moving average is $70.26.

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

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC increased its stake in Invesco S&P MidCap Value with Momentum ETF by 134.9% in the 2nd quarter. Citadel Advisors LLC now owns 18,493 shares of the company’s stock worth $1,312,000 after acquiring an additional 10,620 shares during the last quarter. Sovran Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the 1st quarter worth approximately $882,000. Wealth Enhancement Trust Services Inc. boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 102.3% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 24,102 shares of the company’s stock valued at $1,681,000 after acquiring an additional 12,188 shares during the last quarter. Whitaker Myers Wealth Managers LTD. boosted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock valued at $16,380,000 after acquiring an additional 14,184 shares during the last quarter. Finally, Roman Butler Fullerton & Co. bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the 3rd quarter valued at approximately $1,783,000.

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.