Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 30,314 shares, a growth of 68.9% from the September 30th total of 17,947 shares. Based on an average daily volume of 28,576 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the company’s stock are sold short.
Invesco S&P MidCap Value with Momentum ETF Trading Up 0.9%
Shares of XMVM opened at $74.94 on Tuesday. Invesco S&P MidCap Value with Momentum ETF has a 1-year low of $58.75 and a 1-year high of $76.01. The company has a market cap of $534.32 million, a price-to-earnings ratio of 11.50 and a beta of 0.98. The company’s fifty day simple moving average is $72.99 and its 200 day simple moving average is $70.22.
Hedge Funds Weigh In On Invesco S&P MidCap Value with Momentum ETF
Several institutional investors and hedge funds have recently modified their holdings of XMVM. Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the third quarter worth approximately $1,865,000. Caldwell Trust Co bought a new stake in Invesco S&P MidCap Value with Momentum ETF in the 3rd quarter worth about $224,000. Roman Butler Fullerton & Co. bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the third quarter valued at approximately $1,783,000. Westover Capital Advisors LLC bought a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the 3rd quarter worth $204,000. Finally, Sigma Planning Corp purchased a new position in Invesco S&P MidCap Value with Momentum ETF in the third quarter valued at about $467,000.
About Invesco S&P MidCap Value with Momentum ETF
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.
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