Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Up 500.3% in May

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 363,890 shares, a growth of 500.3% from the April 30th total of 60,622 shares. Based on an average trading volume of 47,999 shares, the days-to-cover ratio is currently 7.6 days. Approximately 1.9% of the shares of the company are sold short.

Invesco S&P International Developed Quality ETF Stock Down 0.3%

Shares of IDHQ stock traded down $0.13 during mid-day trading on Friday, reaching $41.63. The stock had a trading volume of 510,907 shares, compared to its average volume of 96,055. The firm has a market cap of $795.13 million, a PE ratio of 19.13 and a beta of 0.92. Invesco S&P International Developed Quality ETF has a one year low of $31.54 and a one year high of $41.86. The firm’s 50 day simple moving average is $38.36 and its 200 day simple moving average is $37.08.

Hedge Funds Weigh In On Invesco S&P International Developed Quality ETF

Several hedge funds and other institutional investors have recently modified their holdings of IDHQ. Parallel Advisors LLC lifted its position in shares of Invesco S&P International Developed Quality ETF by 79.7% during the 1st quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock worth $93,000 after buying an additional 1,161 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P International Developed Quality ETF during the 4th quarter worth approximately $188,000. Richmond Investment Services LLC bought a new position in shares of Invesco S&P International Developed Quality ETF during the 4th quarter worth approximately $210,000. Secure Asset Management LLC lifted its position in shares of Invesco S&P International Developed Quality ETF by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 6,648 shares of the company’s stock worth $234,000 after buying an additional 303 shares during the period. Finally, Equitable Holdings Inc. bought a new position in shares of Invesco S&P International Developed Quality ETF during the 3rd quarter worth approximately $255,000.

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.