Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Update

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 244,217 shares, a decline of 72.3% from the May 14th total of 881,624 shares. Based on an average trading volume of 342,864 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Invesco S&P International Developed Momentum ETF Trading Up 4.3%

Shares of IDMO stock traded up $2.43 during trading hours on Thursday, reaching $59.01. 229,088 shares of the company’s stock were exchanged, compared to its average volume of 511,240. The stock’s fifty day moving average price is $58.98 and its two-hundred day moving average price is $57.43. The stock has a market cap of $3.56 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1 year low of $48.79 and a 1 year high of $61.17.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Several large investors have recently added to or reduced their stakes in IDMO. LPL Financial LLC raised its position in Invesco S&P International Developed Momentum ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after buying an additional 677,990 shares during the last quarter. Cetera Investment Advisers raised its position in Invesco S&P International Developed Momentum ETF by 33.2% during the first quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock valued at $115,078,000 after acquiring an additional 523,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P International Developed Momentum ETF by 25.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock valued at $109,654,000 after acquiring an additional 398,485 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in Invesco S&P International Developed Momentum ETF by 135.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock valued at $72,936,000 after acquiring an additional 755,465 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in Invesco S&P International Developed Momentum ETF during the fourth quarter valued at approximately $47,926,000.

About Invesco S&P International Developed Momentum ETF

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.