Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Down 37.9% in May

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 226,103 shares, a decline of 37.9% from the May 14th total of 363,890 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 136,668 shares, the days-to-cover ratio is currently 1.7 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of IDHQ. Parallel Advisors LLC raised its stake in Invesco S&P International Developed Quality ETF by 79.7% in the first quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $93,000 after purchasing an additional 1,161 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Invesco S&P International Developed Quality ETF in the fourth quarter valued at approximately $188,000. Richmond Investment Services LLC purchased a new stake in Invesco S&P International Developed Quality ETF in the fourth quarter valued at approximately $210,000. Secure Asset Management LLC raised its stake in Invesco S&P International Developed Quality ETF by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 6,648 shares of the company’s stock valued at $234,000 after purchasing an additional 303 shares in the last quarter. Finally, Avise Financial Cooperative Inc. purchased a new stake in Invesco S&P International Developed Quality ETF in the fourth quarter valued at approximately $266,000.

Invesco S&P International Developed Quality ETF Stock Performance

NYSEARCA IDHQ traded up $0.77 during trading on Wednesday, hitting $43.32. 8,955 shares of the company’s stock traded hands, compared to its average volume of 99,818. The stock has a market capitalization of $827.41 million, a price-to-earnings ratio of 19.13 and a beta of 0.93. Invesco S&P International Developed Quality ETF has a 12-month low of $31.54 and a 12-month high of $43.32. The business has a 50 day moving average of $39.78 and a 200-day moving average of $37.70.

Invesco S&P International Developed Quality ETF Company Profile

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.