Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Significant Decrease in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 9,330 shares, a drop of 67.9% from the June 30th total of 29,043 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 28,959 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Financial Group LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the 1st quarter worth approximately $4,359,000. Thrivent Financial for Lutherans purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the fourth quarter valued at approximately $2,908,000. MML Investors Services LLC increased its holdings in Invesco S&P MidCap Value with Momentum ETF by 321.7% during the second quarter. MML Investors Services LLC now owns 55,025 shares of the company’s stock valued at $3,061,000 after buying an additional 41,976 shares during the last quarter. Osaic Holdings Inc. raised its position in Invesco S&P MidCap Value with Momentum ETF by 103.4% in the fourth quarter. Osaic Holdings Inc. now owns 76,292 shares of the company’s stock worth $4,897,000 after acquiring an additional 38,776 shares during the period. Finally, Cetera Investment Advisers raised its position in Invesco S&P MidCap Value with Momentum ETF by 147.6% in the fourth quarter. Cetera Investment Advisers now owns 64,763 shares of the company’s stock worth $4,155,000 after acquiring an additional 38,605 shares during the period.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of XMVM stock traded up $0.16 during mid-day trading on Monday, hitting $74.34. The company’s stock had a trading volume of 21,680 shares, compared to its average volume of 34,039. Invesco S&P MidCap Value with Momentum ETF has a 52-week low of $54.32 and a 52-week high of $74.75. The business has a 50-day moving average price of $70.68 and a 200 day moving average price of $68.32. The stock has a market cap of $501.05 million, a price-to-earnings ratio of 11.50 and a beta of 0.98.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.