Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Significant Increase in Short Interest

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 25,295 shares, a growth of 86.0% from the May 31st total of 13,601 shares. Based on an average daily volume of 189,710 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of NYSEARCA XMHQ traded down $0.09 during midday trading on Wednesday, hitting $112.79. 338,206 shares of the stock traded hands, compared to its average volume of 225,319. The firm has a 50-day moving average of $109.63 and a two-hundred day moving average of $107.11. The firm has a market capitalization of $5.45 billion, a P/E ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a one year low of $97.49 and a one year high of $113.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XMHQ. Jane Street Group LLC bought a new position in shares of Invesco S&P MidCap Quality ETF in the first quarter worth about $1,793,000. Cresset Asset Management LLC purchased a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter valued at $201,000. Qube Research & Technologies Ltd bought a new stake in Invesco S&P MidCap Quality ETF in the second quarter worth $44,000. Betterment LLC increased its holdings in shares of Invesco S&P MidCap Quality ETF by 16.2% in the 2nd quarter. Betterment LLC now owns 2,755 shares of the company’s stock worth $271,000 after buying an additional 385 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco S&P MidCap Quality ETF by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after buying an additional 83,853 shares in the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.