Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 426.5% in July

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 462,296 shares, a growth of 426.5% from the July 15th total of 87,798 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 351,344 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF

Hedge funds have recently modified their holdings of the business. Triumph Capital Management purchased a new position in Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $25,000. Harbor Asset Planning Inc. bought a new stake in Invesco S&P International Developed Momentum ETF during the 1st quarter valued at $41,000. Bessemer Group Inc. boosted its position in Invesco S&P International Developed Momentum ETF by 90.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after acquiring an additional 480 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $62,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 45.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after acquiring an additional 361 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Up 1.0%

NYSEARCA:IDMO traded up $0.64 during mid-day trading on Wednesday, reaching $63.09. The company’s stock had a trading volume of 79,002 shares, compared to its average volume of 465,355. Invesco S&P International Developed Momentum ETF has a 1 year low of $51.91 and a 1 year high of $63.31. The stock has a fifty day moving average of $60.11 and a 200-day moving average of $58.87. The firm has a market capitalization of $4.26 billion, a PE ratio of 18.41 and a beta of 0.80.

Invesco S&P International Developed Momentum ETF Company Profile

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.