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

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant decline in short interest during the month of 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. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 354,218 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P International Developed Momentum ETF Trading Up 0.1%

Shares of IDMO stock traded up $0.07 on Monday, hitting $59.83. 268,443 shares of the stock were exchanged, compared to its average volume of 475,702. The firm has a market capitalization of $4.02 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a one year low of $50.21 and a one year high of $62.20. The firm’s 50 day moving average is $59.82 and its two-hundred day moving average is $58.52.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 130.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock valued at $85,022,000 after purchasing an additional 891,210 shares during the last quarter. SHP Wealth Management purchased a new position in Invesco S&P International Developed Momentum ETF in the 4th quarter worth $47,926,000. Great Valley Advisor Group Inc. lifted its stake in Invesco S&P International Developed Momentum ETF by 135.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock worth $72,936,000 after purchasing an additional 755,465 shares during the last quarter. LPL Financial LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after purchasing an additional 677,990 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Invesco S&P International Developed Momentum ETF by 3,902.6% during the second quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock valued at $28,172,000 after buying an additional 536,064 shares during the period.

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.