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

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 42,944 shares, a decline of 82.4% from the May 31st total of 244,217 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 411,454 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P International Developed Momentum ETF Trading Up 1.2%

IDMO stock opened at $60.15 on Friday. The stock has a 50-day moving average price of $59.66 and a two-hundred day moving average price of $57.94. Invesco S&P International Developed Momentum ETF has a 1 year low of $50.20 and a 1 year high of $62.20. The stock has a market cap of $3.63 billion, a PE ratio of 18.41 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter worth approximately $25,000. Harbor Asset Planning Inc. acquired a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth $41,000. Bessemer Group Inc. grew its position in Invesco S&P International Developed Momentum ETF by 90.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after purchasing an additional 480 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $62,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Invesco S&P International Developed Momentum ETF by 45.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after buying an additional 361 shares in the last quarter.

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.