Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Sees Significant Decline in Short Interest

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 42,944 shares, a decrease of 82.4% from the May 31st total of 244,217 shares. Based on an average daily trading volume, of 411,454 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Invesco S&P International Developed Momentum ETF Stock Down 0.9%

Shares of IDMO traded down $0.55 during midday trading on Friday, reaching $59.60. 355,585 shares of the stock were exchanged, compared to its average volume of 500,121. Invesco S&P International Developed Momentum ETF has a twelve month low of $50.20 and a twelve month high of $62.20. The company has a market cap of $3.60 billion, a P/E ratio of 18.41 and a beta of 0.80. The stock’s 50 day simple moving average is $59.66 and its 200 day simple moving average is $57.95.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Institutional investors have recently bought and sold shares of the business. Urban Wealth Management LLC raised its position in shares of Invesco S&P International Developed Momentum ETF by 0.3% in the first quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock valued at $4,483,000 after buying an additional 209 shares in the last quarter. Walled Lake Planning & Wealth Management LLC grew its position in Invesco S&P International Developed Momentum ETF by 2.2% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock worth $598,000 after buying an additional 229 shares in the last quarter. HBW Advisory Services LLC increased its position in shares of Invesco S&P International Developed Momentum ETF by 7.8% in the fourth quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock worth $233,000 after purchasing an additional 302 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Invesco S&P International Developed Momentum ETF by 45.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after purchasing an additional 361 shares in the last quarter. Finally, Segment Wealth Management LLC raised its stake in Invesco S&P International Developed Momentum ETF by 6.7% in the fourth quarter. Segment Wealth Management LLC now owns 6,190 shares of the company’s stock valued at $344,000 after purchasing an additional 390 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Company Profile

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.