Short Interest in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Drops By 71.8%

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 87,798 shares, a decline of 71.8% from the June 30th total of 311,673 shares. Based on an average daily volume of 354,218 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Embree Financial Group boosted its stake in Invesco S&P International Developed Momentum ETF by 39.5% during the 4th quarter. Embree Financial Group now owns 61,685 shares of the company’s stock worth $3,428,000 after purchasing an additional 17,469 shares during the period. ORG Partners LLC increased its stake in Invesco S&P International Developed Momentum ETF by 12.0% in the fourth quarter. ORG Partners LLC now owns 195,267 shares of the company’s stock valued at $10,853,000 after purchasing an additional 20,904 shares during the period. Foresight Capital Management Advisors Inc. raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 112.5% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock valued at $5,507,000 after buying an additional 52,469 shares during the last quarter. Welch Financial Planning LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter valued at about $4,858,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth about $498,000.

Invesco S&P International Developed Momentum ETF Trading Down 1.1%

Shares of NYSEARCA IDMO traded down $0.63 during trading hours on Tuesday, reaching $59.20. The stock had a trading volume of 355,669 shares, compared to its average volume of 473,129. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $50.21 and a fifty-two week high of $62.20. The firm has a 50-day moving average of $59.83 and a 200-day moving average of $58.54.

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.