Short Interest in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Drops By 80.0%

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 19,351 shares, a decline of 80.0% from the December 31st total of 96,551 shares. Based on an average daily volume of 267,289 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 267,289 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P MidCap Quality ETF Stock Down 0.9%

NYSEARCA XMHQ traded down $0.94 on Friday, reaching $106.94. 43,415 shares of the stock traded hands, compared to its average volume of 248,389. The firm’s fifty day simple moving average is $104.91 and its 200 day simple moving average is $103.86. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04. Invesco S&P MidCap Quality ETF has a 12 month low of $80.60 and a 12 month high of $109.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter worth approximately $158,090,000. Thrivent Financial for Lutherans increased its stake in shares of Invesco S&P MidCap Quality ETF by 57.5% in the second quarter. Thrivent Financial for Lutherans now owns 604,422 shares of the company’s stock worth $59,378,000 after acquiring an additional 220,687 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the second quarter worth $19,603,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the second quarter worth $15,746,000. Finally, Farther Finance Advisors LLC boosted its position in Invesco S&P MidCap Quality ETF by 2,937.6% during the fourth quarter. Farther Finance Advisors LLC now owns 139,853 shares of the company’s stock valued at $14,324,000 after purchasing an additional 135,249 shares during the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.