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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 19,351 shares, a decline of 80.0% from the December 31st total of 96,551 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 267,289 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 267,289 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Invesco S&P MidCap Quality ETF Stock Down 0.1%

XMHQ traded down $0.08 on Wednesday, reaching $108.55. The company’s stock had a trading volume of 171,252 shares, compared to its average volume of 262,558. The stock has a 50 day moving average of $104.52 and a two-hundred day moving average of $103.80. Invesco S&P MidCap Quality ETF has a fifty-two week low of $80.60 and a fifty-two week high of $109.79. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04.

Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF

Large investors have recently bought and sold shares of the stock. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P MidCap Quality ETF during the 3rd quarter worth approximately $158,090,000. Ameriprise Financial Inc. raised its position in Invesco S&P MidCap Quality ETF by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco S&P MidCap Quality ETF by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 766,696 shares of the company’s stock worth $75,320,000 after purchasing an additional 34,716 shares during the period. Jones Financial Companies Lllp grew its position in Invesco S&P MidCap Quality ETF by 17.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 706,521 shares of the company’s stock worth $74,248,000 after purchasing an additional 102,731 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Invesco S&P MidCap Quality ETF by 15.1% in the third quarter. Bank of America Corp DE now owns 650,657 shares of the company’s stock valued at $68,293,000 after purchasing an additional 85,149 shares during the period.

About Invesco S&P MidCap Quality ETF

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.