Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Large Increase in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 38,162 shares, an increase of 97.5% from the August 15th total of 19,319 shares. Based on an average daily volume of 26,578 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the second quarter valued at $52,000. Citadel Advisors LLC increased its holdings in Invesco S&P MidCap Value with Momentum ETF by 134.9% in the second quarter. Citadel Advisors LLC now owns 18,493 shares of the company’s stock valued at $1,312,000 after purchasing an additional 10,620 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Invesco S&P MidCap Value with Momentum ETF in the second quarter valued at $208,000. Key Client Fiduciary Advisors LLC raised its position in Invesco S&P MidCap Value with Momentum ETF by 27.5% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 8,620 shares of the company’s stock worth $611,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Whitaker Myers Wealth Managers LTD. raised its position in Invesco S&P MidCap Value with Momentum ETF by 6.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock worth $16,380,000 after purchasing an additional 14,184 shares during the last quarter.

Invesco S&P MidCap Value with Momentum ETF Stock Up 0.6%

Invesco S&P MidCap Value with Momentum ETF stock traded up $0.43 during trading hours on Thursday, hitting $73.67. The stock had a trading volume of 7,020 shares, compared to its average volume of 33,696. The business’s 50 day simple moving average is $74.34 and its 200-day simple moving average is $70.30. Invesco S&P MidCap Value with Momentum ETF has a one year low of $58.18 and a one year high of $76.01. The stock has a market cap of $447.91 million, a price-to-earnings ratio of 11.50 and a beta of 0.97.

Invesco S&P MidCap Value with Momentum ETF Company Profile

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.