Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Up 625.8% in June

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 311,673 shares, an increase of 625.8% from the June 15th total of 42,944 shares. Based on an average daily volume of 390,147 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in IDMO. Embree Financial Group boosted its position in Invesco S&P International Developed Momentum ETF by 39.5% during the fourth quarter. Embree Financial Group now owns 61,685 shares of the company’s stock worth $3,428,000 after purchasing an additional 17,469 shares during the period. ORG Partners LLC boosted its holdings in Invesco S&P International Developed Momentum ETF by 12.0% in the 4th quarter. ORG Partners LLC now owns 195,267 shares of the company’s stock valued at $10,853,000 after purchasing an additional 20,904 shares during the period. Foresight Capital Management Advisors Inc. increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 112.5% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock worth $5,507,000 after purchasing an additional 52,469 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth $498,000. Finally, Welch Financial Planning LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at about $4,858,000.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of NYSEARCA:IDMO traded up $0.33 during midday trading on Friday, hitting $60.14. 324,322 shares of the company’s stock were exchanged, compared to its average volume of 488,863. The company has a market cap of $3.96 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12 month low of $50.21 and a 12 month high of $62.20. The stock has a 50 day moving average price of $59.93 and a 200-day moving average price of $58.25.

About Invesco S&P International Developed Momentum ETF

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.