Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 662.6% in April

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 441,322 shares, a growth of 662.6% from the April 15th total of 57,874 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 385,721 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Invesco S&P International Developed Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Invesco S&P International Developed Momentum ETF by 33.2% in the first quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock worth $115,078,000 after acquiring an additional 523,230 shares during the period. Envision Financial Transparency LLC purchased a new stake in Invesco S&P International Developed Momentum ETF in the first quarter worth about $1,634,000. Daner Wealth Management LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 8.4% in the first quarter. Daner Wealth Management LLC now owns 13,862 shares of the company’s stock worth $837,000 after purchasing an additional 1,080 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in Invesco S&P International Developed Momentum ETF in the first quarter worth about $86,000. Finally, Florida Financial Advisors LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 28.2% in the first quarter. Florida Financial Advisors LLC now owns 7,752 shares of the company’s stock worth $425,000 after purchasing an additional 1,703 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Up 0.9%

NYSEARCA:IDMO traded up $0.57 during mid-day trading on Wednesday, reaching $60.98. The company’s stock had a trading volume of 434,817 shares, compared to its average volume of 536,099. Invesco S&P International Developed Momentum ETF has a 1 year low of $47.57 and a 1 year high of $61.17. The stock has a fifty day moving average of $57.40 and a 200-day moving average of $56.67. The firm has a market capitalization of $3.68 billion, a PE ratio of 18.41 and a beta of 0.81.

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.