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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,601 shares, a decline of 41.8% from the May 14th total of 23,363 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 219,382 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of Invesco S&P MidCap Quality ETF by 11.7% during the fourth quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock valued at $247,142,000 after purchasing an additional 252,612 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P MidCap Quality ETF by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco S&P MidCap Quality ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock valued at $144,975,000 after purchasing an additional 95,372 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P MidCap Quality ETF by 2.1% during the first quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock valued at $67,917,000 after purchasing an additional 13,566 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Invesco S&P MidCap Quality ETF by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 563,133 shares of the company’s stock valued at $57,676,000 after purchasing an additional 42,658 shares during the last quarter.

Invesco S&P MidCap Quality ETF Trading Up 0.3%

Invesco S&P MidCap Quality ETF stock traded up $0.37 during midday trading on Monday, hitting $111.67. The stock had a trading volume of 256,027 shares, compared to its average volume of 229,139. The stock has a market cap of $5.39 billion, a P/E ratio of 16.29 and a beta of 0.98. The business has a fifty day moving average price of $108.59 and a 200 day moving average price of $106.45. Invesco S&P MidCap Quality ETF has a 12 month low of $95.07 and a 12 month high of $113.29.

About Invesco S&P MidCap Quality ETF

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.