Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Sees Large Growth in Short Interest

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 363,890 shares, an increase of 500.3% from the April 30th total of 60,622 shares. Based on an average daily trading volume, of 47,999 shares, the days-to-cover ratio is presently 7.6 days. Currently, 1.9% of the shares of the company are short sold.

Invesco S&P International Developed Quality ETF Stock Performance

Shares of Invesco S&P International Developed Quality ETF stock traded up $0.40 during mid-day trading on Thursday, hitting $41.76. 295,815 shares of the stock were exchanged, compared to its average volume of 91,903. Invesco S&P International Developed Quality ETF has a 12 month low of $31.54 and a 12 month high of $41.84. The company has a 50-day simple moving average of $38.15 and a 200 day simple moving average of $37.00. The company has a market capitalization of $797.62 million, a P/E ratio of 19.13 and a beta of 0.92.

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

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Invesco S&P International Developed Quality ETF by 219.8% during the 1st quarter. Bank of America Corp DE now owns 215,304 shares of the company’s stock worth $7,615,000 after purchasing an additional 147,989 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Invesco S&P International Developed Quality ETF by 15.8% during the 1st quarter. Royal Bank of Canada now owns 8,665 shares of the company’s stock worth $306,000 after purchasing an additional 1,180 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of Invesco S&P International Developed Quality ETF during the 1st quarter worth approximately $397,000. Parallel Advisors LLC increased its stake in shares of Invesco S&P International Developed Quality ETF by 79.7% during the 1st quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock worth $93,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Invesco S&P International Developed Quality ETF by 39.7% during the 1st quarter. Sanctuary Advisors LLC now owns 55,907 shares of the company’s stock worth $1,977,000 after purchasing an additional 15,895 shares during the last quarter.

About Invesco S&P International Developed Quality ETF

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.