Short Interest in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Expands By 69.3%

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 48,930 shares, an increase of 69.3% from the July 15th total of 28,900 shares. Based on an average trading volume of 185,157 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Invesco S&P MidCap Quality ETF Price Performance

Shares of XMHQ traded down $0.29 during mid-day trading on Monday, reaching $119.59. The company’s stock had a trading volume of 120,625 shares, compared to its average volume of 212,532. Invesco S&P MidCap Quality ETF has a 12-month low of $97.49 and a 12-month high of $119.95. The stock has a market cap of $5.68 billion, a PE ratio of 16.29 and a beta of 0.97. The company’s 50 day moving average is $113.75 and its 200 day moving average is $109.32.

Institutional Trading of Invesco S&P MidCap Quality ETF

Several large investors have recently bought and sold shares of XMHQ. Farmers & Merchants Investments Inc. purchased a new position in Invesco S&P MidCap Quality ETF during the second quarter worth approximately $29,000. PNC Financial Services Group Inc. lifted its holdings in Invesco S&P MidCap Quality ETF by 93.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after acquiring an additional 146 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter valued at approximately $33,000. Qube Research & Technologies Ltd bought a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $44,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Invesco S&P MidCap Quality ETF by 1,420.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares during the last quarter.

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.