Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Short Interest Up 90.3% in June

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 296,824 shares, an increase of 90.3% from the June 15th total of 155,998 shares. Based on an average daily trading volume, of 421,664 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Trading of Invesco S&P MidCap Momentum ETF

A number of large investors have recently bought and sold shares of XMMO. &PARTNERS lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.0% in the 4th quarter. &PARTNERS now owns 3,501 shares of the company’s stock valued at $485,000 after purchasing an additional 70 shares during the period. Paller Financial Services Inc boosted its position in shares of Invesco S&P MidCap Momentum ETF by 0.3% during the 2nd quarter. Paller Financial Services Inc now owns 24,545 shares of the company’s stock valued at $4,176,000 after purchasing an additional 74 shares in the last quarter. Pacific Sun Financial Corp grew its stake in Invesco S&P MidCap Momentum ETF by 1.6% during the first quarter. Pacific Sun Financial Corp now owns 5,163 shares of the company’s stock worth $749,000 after purchasing an additional 80 shares during the period. Oppenheimer & Co. Inc. grew its stake in Invesco S&P MidCap Momentum ETF by 0.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,845 shares of the company’s stock worth $1,640,000 after purchasing an additional 86 shares during the period. Finally, Crescent Sterling Ltd. increased its holdings in Invesco S&P MidCap Momentum ETF by 4.4% in the fourth quarter. Crescent Sterling Ltd. now owns 2,233 shares of the company’s stock worth $309,000 after purchasing an additional 95 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Price Performance

NYSEARCA XMMO traded down $0.84 during mid-day trading on Friday, reaching $157.08. 552,287 shares of the stock were exchanged, compared to its average volume of 357,581. Invesco S&P MidCap Momentum ETF has a one year low of $126.64 and a one year high of $173.94. The stock has a 50 day simple moving average of $165.97 and a 200-day simple moving average of $154.14. The stock has a market cap of $7.24 billion, a P/E ratio of 22.06 and a beta of 1.08.

Invesco S&P MidCap Momentum ETF Company Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.