Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Stock Short Interest Declines 35.5%

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 348,851 shares, a drop of 35.5% from the September 30th total of 540,539 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 381,191 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P MidCap Momentum ETF Price Performance

Invesco S&P MidCap Momentum ETF stock opened at $136.13 on Monday. Invesco S&P MidCap Momentum ETF has a fifty-two week low of $129.31 and a fifty-two week high of $173.94. The firm’s 50 day simple moving average is $147.43 and its 200-day simple moving average is $153.80. The company has a market cap of $6.55 billion, a P/E ratio of 22.06 and a beta of 1.10.

Institutional Investors Weigh In On Invesco S&P MidCap Momentum ETF

A number of institutional investors have recently bought and sold shares of the business. Paller Financial Services Inc increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 0.3% in the 2nd quarter. Paller Financial Services Inc now owns 24,545 shares of the company’s stock valued at $4,176,000 after purchasing an additional 74 shares during the period. Pacific Sun Financial Corp grew its position in Invesco S&P MidCap Momentum ETF by 1.6% during the first quarter. Pacific Sun Financial Corp now owns 5,163 shares of the company’s stock valued at $749,000 after purchasing an additional 80 shares in the last quarter. Whipplewood Advisors LLC grew its position in Invesco S&P MidCap Momentum ETF by 3.0% during the first quarter. Whipplewood Advisors LLC now owns 3,601 shares of the company’s stock valued at $522,000 after purchasing an additional 104 shares in the last quarter. Capital Square LLC increased its stake in Invesco S&P MidCap Momentum ETF by 3.9% in the 3rd quarter. Capital Square LLC now owns 2,781 shares of the company’s stock valued at $408,000 after buying an additional 104 shares during the period. Finally, Essex Financial Services Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 7.4% in the 1st quarter. Essex Financial Services Inc. now owns 1,604 shares of the company’s stock valued at $233,000 after buying an additional 110 shares during the period.

About Invesco S&P MidCap Momentum ETF

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.