Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 541,095 shares, a growth of 75.2% from the July 30th total of 308,775 shares. Based on an average daily volume of 335,728 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the shares of the company are sold short.
Invesco S&P MidCap Momentum ETF Trading Down 0.8%
XMMO stock traded down $1.29 on Tuesday, hitting $151.05. The company had a trading volume of 91,019 shares, compared to its average volume of 352,793. Invesco S&P MidCap Momentum ETF has a 12-month low of $129.31 and a 12-month high of $173.94. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 22.06 and a beta of 1.09. The stock’s 50-day simple moving average is $160.56 and its 200 day simple moving average is $157.84.
Institutional Trading of Invesco S&P MidCap Momentum ETF
Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Invesco S&P MidCap Momentum ETF in the fourth quarter valued at about $28,000. AlphaCore Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at about $34,000. Park Square Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at about $36,000. Signature Equity Partners LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter worth approximately $46,000. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2,293.8% in the third quarter. Aptus Capital Advisors LLC now owns 383 shares of the company’s stock worth $52,000 after buying an additional 367 shares during the last quarter.
About Invesco S&P MidCap Momentum ETF
The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.
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