Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Update

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 113,716 shares, an increase of 60.9% from the July 15th total of 70,672 shares. Based on an average daily volume of 131,651 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.

Invesco S&P International Developed Quality ETF Price Performance

IDHQ stock traded up $0.03 during midday trading on Monday, reaching $45.69. The company had a trading volume of 157,945 shares, compared to its average volume of 112,948. The firm has a 50-day moving average price of $43.56 and a 200-day moving average price of $40.21. The company has a market capitalization of $973.20 million, a P/E ratio of 19.13 and a beta of 0.91. Invesco S&P International Developed Quality ETF has a 1 year low of $32.29 and a 1 year high of $45.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDHQ. Parallel Advisors LLC raised its position in Invesco S&P International Developed Quality ETF by 79.7% during the first quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $93,000 after purchasing an additional 1,161 shares in the last quarter. Chemistry Wealth Management LLC bought a new stake in Invesco S&P International Developed Quality ETF in the 2nd quarter worth approximately $222,000. Kestra Advisory Services LLC purchased a new stake in Invesco S&P International Developed Quality ETF in the fourth quarter worth approximately $188,000. Richmond Investment Services LLC purchased a new stake in Invesco S&P International Developed Quality ETF in the fourth quarter worth approximately $210,000. Finally, Avise Financial Cooperative Inc. bought a new position in Invesco S&P International Developed Quality ETF during the fourth quarter valued at approximately $266,000.

Invesco S&P International Developed Quality ETF Company Profile

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.