Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 99.8% in May

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 881,624 shares, an increase of 99.8% from the April 30th total of 441,322 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 433,115 shares, the short-interest ratio is currently 2.0 days.

Invesco S&P International Developed Momentum ETF Trading Down 1.2%

Shares of Invesco S&P International Developed Momentum ETF stock traded down $0.74 on Monday, hitting $59.70. 432,231 shares of the company traded hands, compared to its average volume of 516,286. The stock’s 50 day moving average price is $58.29 and its 200-day moving average price is $57.20. Invesco S&P International Developed Momentum ETF has a 52 week low of $48.79 and a 52 week high of $61.17. The company has a market cap of $3.60 billion, a PE ratio of 18.41 and a beta of 0.81.

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

Hedge funds have recently made changes to their positions in the company. Kensington Asset Management LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 1st quarter valued at about $613,000. McIlrath & Eck LLC raised its stake in shares of Invesco S&P International Developed Momentum ETF by 3.1% during the 1st quarter. McIlrath & Eck LLC now owns 455,519 shares of the company’s stock worth $24,981,000 after acquiring an additional 13,686 shares in the last quarter. Bank of America Corp DE lifted its position in Invesco S&P International Developed Momentum ETF by 495.9% during the first quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock valued at $29,373,000 after acquiring an additional 445,719 shares during the last quarter. Centaurus Financial Inc. boosted its stake in Invesco S&P International Developed Momentum ETF by 47.8% in the first quarter. Centaurus Financial Inc. now owns 186,512 shares of the company’s stock valued at $10,228,000 after acquiring an additional 60,344 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in Invesco S&P International Developed Momentum ETF in the first quarter valued at approximately $1,235,000.

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.