Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Down 37.9% in May

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 226,103 shares, a drop of 37.9% from the May 14th total of 363,890 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 136,668 shares, the days-to-cover ratio is presently 1.7 days.

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

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Invesco S&P International Developed Quality ETF by 219.8% in the 1st quarter. Bank of America Corp DE now owns 215,304 shares of the company’s stock valued at $7,615,000 after purchasing an additional 147,989 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Invesco S&P International Developed Quality ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 8,665 shares of the company’s stock worth $306,000 after buying an additional 1,180 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of Invesco S&P International Developed Quality ETF during the first quarter worth $397,000. Parallel Advisors LLC increased its holdings in shares of 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 worth $93,000 after buying an additional 1,161 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Invesco S&P International Developed Quality ETF by 39.7% during the first quarter. Sanctuary Advisors LLC now owns 55,907 shares of the company’s stock worth $1,977,000 after buying an additional 15,895 shares in the last quarter.

Invesco S&P International Developed Quality ETF Stock Down 0.5%

Shares of IDHQ stock traded down $0.20 during trading hours on Tuesday, reaching $42.55. The company’s stock had a trading volume of 318,531 shares, compared to its average volume of 100,638. The firm’s 50 day simple moving average is $39.78 and its 200-day simple moving average is $37.70. The company has a market capitalization of $812.71 million, a price-to-earnings ratio of 19.13 and a beta of 0.93. Invesco S&P International Developed Quality ETF has a fifty-two week low of $31.54 and a fifty-two week high of $43.07.

About Invesco S&P International Developed Quality ETF

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.