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 increase in short interest during the month of July. As of July 31st, there was short interest totaling 462,296 shares, an increase of 426.5% from the July 15th total of 87,798 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 351,344 shares, the short-interest ratio is currently 1.3 days.

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

IDMO traded up $0.64 on Wednesday, reaching $63.09. 79,002 shares of the company traded hands, compared to its average volume of 465,355. Invesco S&P International Developed Momentum ETF has a one year low of $51.91 and a one year high of $63.31. The firm has a fifty day simple moving average of $60.11 and a two-hundred day simple moving average of $58.87. The company has a market cap of $4.26 billion, a P/E ratio of 18.41 and a beta of 0.80.

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

A number of institutional investors have recently modified their holdings of IDMO. Annex Advisory Services LLC boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 3.8% in the second quarter. Annex Advisory Services LLC now owns 41,015 shares of the company’s stock valued at $2,473,000 after purchasing an additional 1,491 shares during the period. Insight Wealth Strategies LLC grew its stake in Invesco S&P International Developed Momentum ETF by 4.7% in the second quarter. Insight Wealth Strategies LLC now owns 385,732 shares of the company’s stock worth $23,098,000 after purchasing an additional 17,222 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in Invesco S&P International Developed Momentum ETF by 15.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,477 shares of the company’s stock worth $632,000 after purchasing an additional 1,380 shares during the period. CPA Asset Management Group LLC raised its position in Invesco S&P International Developed Momentum ETF by 251.6% during the 2nd quarter. CPA Asset Management Group LLC now owns 176,931 shares of the company’s stock valued at $10,667,000 after purchasing an additional 126,615 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its position in Invesco S&P International Developed Momentum ETF by 4.4% during the 2nd quarter. Professional Financial Advisors LLC now owns 68,552 shares of the company’s stock valued at $4,133,000 after purchasing an additional 2,877 shares in the last quarter.

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.