Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Update

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 19,319 shares, a drop of 47.4% from the July 30th total of 36,700 shares. Based on an average daily volume of 32,395 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

NYSEARCA:XMVM traded down $0.10 during trading hours on Friday, reaching $74.45. The company’s stock had a trading volume of 29,130 shares, compared to its average volume of 33,544. The firm has a market capitalization of $504.03 million, a price-to-earnings ratio of 11.50 and a beta of 0.97. The firm has a 50-day simple moving average of $73.38 and a 200-day simple moving average of $69.75. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $58.18 and a 1 year high of $75.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter valued at about $37,000. IFP Advisors Inc bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter worth approximately $43,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter worth approximately $63,000. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter worth $76,000. Finally, SHP Wealth Management purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the fourth quarter worth $103,000.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.