Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Significant Growth in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 36,700 shares, an increase of 293.4% from the July 15th total of 9,330 shares. Based on an average daily volume of 27,131 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company’s shares are sold short.

Invesco S&P MidCap Value with Momentum ETF Price Performance

NYSEARCA:XMVM opened at $75.17 on Thursday. The firm has a market capitalization of $508.90 million, a price-to-earnings ratio of 11.50 and a beta of 0.97. The business has a 50 day simple moving average of $72.25 and a 200-day simple moving average of $69.11. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $56.99 and a 1 year high of $75.92.

Institutional Trading of Invesco S&P MidCap Value with Momentum ETF

Institutional investors have recently bought and sold shares of the stock. Key Client Fiduciary Advisors LLC increased its position in Invesco S&P MidCap Value with Momentum ETF by 27.5% during the second quarter. Key Client Fiduciary Advisors LLC now owns 8,620 shares of the company’s stock valued at $611,000 after acquiring an additional 1,860 shares during the last quarter. Whitaker Myers Wealth Managers LTD. raised its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock valued at $16,380,000 after acquiring an additional 14,184 shares during the period. Western Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF in the 1st quarter worth about $37,000. Bank of America Corp DE lifted its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 1.1% in the 1st quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock worth $36,870,000 after acquiring an additional 6,220 shares during the last quarter. Finally, Everest Financial Group LLC boosted its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 5.8% during the 1st quarter. Everest Financial Group LLC now owns 35,254 shares of the company’s stock worth $2,296,000 after purchasing an additional 1,936 shares during the period.

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.