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

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 10,619 shares, a decline of 72.2% from the August 31st total of 38,162 shares. Based on an average daily trading volume, of 28,218 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco S&P MidCap Value with Momentum ETF Trading Down 1.3%

Invesco S&P MidCap Value with Momentum ETF stock traded down $0.90 during mid-day trading on Monday, hitting $70.63. The stock had a trading volume of 24,704 shares, compared to its average volume of 33,913. Invesco S&P MidCap Value with Momentum ETF has a one year low of $58.18 and a one year high of $76.01. The firm has a market capitalization of $498.65 million, a P/E ratio of 11.50 and a beta of 0.97. The firm’s 50 day moving average is $74.27 and its 200 day moving average is $70.56.

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

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in Invesco S&P MidCap Value with Momentum ETF by 1.1% during the 1st quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock valued at $36,870,000 after purchasing an additional 6,220 shares during the period. Whitaker Myers Wealth Managers LTD. grew its holdings in 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 buying an additional 14,184 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 14.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock valued at $9,539,000 after buying an additional 18,909 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 12.3% during the first quarter. Cetera Investment Advisers now owns 72,698 shares of the company’s stock valued at $4,734,000 after buying an additional 7,935 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the first quarter worth $4,359,000.

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.