Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Significant Increase in Short Interest

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 86,304 shares, a growth of 76.4% from the July 30th total of 48,930 shares. Based on an average daily trading volume, of 149,608 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of XMHQ. Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth $1,168,000. Mann Financial Group Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 21.2% during the second quarter. Mann Financial Group Inc. now owns 48,238 shares of the company’s stock worth $5,445,000 after acquiring an additional 8,432 shares in the last quarter. DORVAL Corp increased its position in Invesco S&P MidCap Quality ETF by 20.4% in the 2nd quarter. DORVAL Corp now owns 19,174 shares of the company’s stock valued at $2,164,000 after buying an additional 3,251 shares in the last quarter. Mason & Associates Inc grew its stake in Invesco S&P MidCap Quality ETF by 0.6% in the second quarter. Mason & Associates Inc now owns 33,957 shares of the company’s stock valued at $3,833,000 after acquiring an additional 219 shares during the period. Finally, Fairway Financial LLC increased its stake in Invesco S&P MidCap Quality ETF by 2.4% during the 2nd quarter. Fairway Financial LLC now owns 7,913 shares of the company’s stock valued at $893,000 after purchasing an additional 183 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

NYSEARCA:XMHQ opened at $118.03 on Monday. The firm’s 50-day simple moving average is $115.24 and its 200 day simple moving average is $110.04. Invesco S&P MidCap Quality ETF has a 52 week low of $97.49 and a 52 week high of $119.99. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.