Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Short Interest Up 76.4% in August

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 86,304 shares, an increase of 76.4% from the July 30th total of 48,930 shares. Based on an average daily volume of 149,608 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco S&P MidCap Quality ETF Trading Down 0.5%

Shares of NYSEARCA XMHQ traded down $0.64 during midday trading on Tuesday, reaching $116.89. The company’s stock had a trading volume of 59,399 shares, compared to its average volume of 207,828. The company has a 50 day moving average price of $115.37 and a 200 day moving average price of $110.11. Invesco S&P MidCap Quality ETF has a one year low of $97.49 and a one year high of $119.99. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97.

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

A number of hedge funds have recently modified their holdings of XMHQ. Farmers & Merchants Investments Inc. purchased a new stake in Invesco S&P MidCap Quality ETF during the second quarter valued at about $29,000. PNC Financial Services Group Inc. increased its position in shares of Invesco S&P MidCap Quality ETF by 93.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after acquiring an additional 146 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $33,000. Qube Research & Technologies Ltd acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the second quarter valued at approximately $44,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Invesco S&P MidCap Quality ETF by 1,420.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock valued at $46,000 after acquiring an additional 412 shares in the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

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.