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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 65,555 shares, a decrease of 58.3% from the September 15th total of 157,363 shares. Based on an average daily trading volume, of 168,238 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF

Hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC grew its position in Invesco S&P MidCap Quality ETF by 0.4% during the 1st quarter. Waverly Advisors LLC now owns 27,762 shares of the company’s stock worth $2,870,000 after purchasing an additional 99 shares during the period. Centaurus Financial Inc. grew its stake in Invesco S&P MidCap Quality ETF by 1.1% in the 1st quarter. Centaurus Financial Inc. now owns 11,432 shares of the company’s stock valued at $1,182,000 after acquiring an additional 124 shares during the period. Pearl Planning LLC raised its position in Invesco S&P MidCap Quality ETF by 1.9% during the second quarter. Pearl Planning LLC now owns 6,907 shares of the company’s stock worth $780,000 after acquiring an additional 127 shares during the period. PNC Financial Services Group Inc. raised its position in Invesco S&P MidCap Quality ETF by 45.4% during the first quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $45,000 after acquiring an additional 137 shares during the period. Finally, HRC Wealth Management LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 3.1% during the second quarter. HRC Wealth Management LLC now owns 5,947 shares of the company’s stock valued at $671,000 after purchasing an additional 180 shares in the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of XMHQ traded up $0.49 during midday trading on Tuesday, hitting $114.68. The stock had a trading volume of 156,814 shares, compared to its average volume of 202,799. Invesco S&P MidCap Quality ETF has a 1 year low of $97.49 and a 1 year high of $119.99. The firm has a market cap of $5.48 billion, a PE ratio of 16.29 and a beta of 0.98. The stock’s 50 day moving average is $116.22 and its 200 day moving average is $112.01.

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.