Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Update

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 244,217 shares, a decrease of 72.3% from the May 14th total of 881,624 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 342,864 shares, the short-interest ratio is presently 0.7 days.

Invesco S&P International Developed Momentum ETF Trading Up 1.4%

Shares of IDMO stock traded up $0.80 on Friday, hitting $59.81. 214,363 shares of the stock were exchanged, compared to its average volume of 508,589. The firm has a market capitalization of $3.61 billion, a P/E ratio of 18.41 and a beta of 0.80. The business has a 50-day moving average of $59.13 and a 200 day moving average of $57.49. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $48.79 and a fifty-two week high of $61.17.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. D Orazio & Associates Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 347.3% in the third quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock valued at $11,744,000 after buying an additional 168,892 shares during the period. Envestnet Asset Management Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 26.0% in the third quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock valued at $23,077,000 after buying an additional 88,151 shares during the period. Embree Financial Group raised its stake in Invesco S&P International Developed Momentum ETF by 39.5% in the fourth quarter. Embree Financial Group now owns 61,685 shares of the company’s stock valued at $3,428,000 after buying an additional 17,469 shares during the period. Foresight Capital Management Advisors Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 112.5% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock valued at $5,507,000 after buying an additional 52,469 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in Invesco S&P International Developed Momentum ETF in the third quarter valued at approximately $817,000.

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.