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

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 110,752 shares, a decline of 76.1% from the August 15th total of 462,505 shares. Based on an average trading volume of 299,781 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Urban Wealth Management LLC grew its position in Invesco S&P International Developed Momentum ETF by 0.3% during the first quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock valued at $4,483,000 after purchasing an additional 209 shares in the last quarter. Walled Lake Planning & Wealth Management LLC increased its position in Invesco S&P International Developed Momentum ETF by 2.2% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock worth $598,000 after buying an additional 229 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Invesco S&P International Developed Momentum ETF by 45.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after acquiring an additional 361 shares in the last quarter. Signet Private Wealth LLC raised its position in shares of Invesco S&P International Developed Momentum ETF by 6.2% in the first quarter. Signet Private Wealth LLC now owns 6,676 shares of the company’s stock valued at $366,000 after purchasing an additional 390 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 4.3% in the 3rd quarter. Advisory Services Network LLC now owns 9,503 shares of the company’s stock worth $513,000 after acquiring an additional 392 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Up 1.0%

Shares of NYSEARCA IDMO traded up $0.63 during mid-day trading on Friday, hitting $62.89. 377,915 shares of the company traded hands, compared to its average volume of 447,652. Invesco S&P International Developed Momentum ETF has a 1 year low of $52.14 and a 1 year high of $63.88. The business has a 50 day moving average of $61.51 and a two-hundred day moving average of $59.57. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 18.41 and a beta of 0.79.

About Invesco S&P International Developed Momentum ETF

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.