Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Sees Large Decrease in Short Interest

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 64,277 shares, a decline of 57.2% from the September 15th total of 150,165 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 393,153 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF

Several large investors have recently modified their holdings of the stock. Urban Wealth Management LLC lifted its position in shares of Invesco S&P International Developed Momentum ETF by 0.3% during the 1st quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock worth $4,483,000 after buying an additional 209 shares during the period. Signet Private Wealth LLC boosted its stake in Invesco S&P International Developed Momentum ETF by 6.2% in the 1st quarter. Signet Private Wealth LLC now owns 6,676 shares of the company’s stock valued at $366,000 after buying an additional 390 shares in the last quarter. Bessemer Group Inc. boosted its stake in Invesco S&P International Developed Momentum ETF by 90.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after buying an additional 480 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Invesco S&P International Developed Momentum ETF in the first quarter valued at $41,000. Finally, Pearl Planning LLC grew its position in Invesco S&P International Developed Momentum ETF by 5.6% in the first quarter. Pearl Planning LLC now owns 16,808 shares of the company’s stock valued at $922,000 after acquiring an additional 886 shares during the period.

Invesco S&P International Developed Momentum ETF Trading Down 1.5%

NYSEARCA:IDMO traded down $0.91 during mid-day trading on Wednesday, hitting $59.29. The company’s stock had a trading volume of 442,772 shares, compared to its average volume of 440,104. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $52.14 and a fifty-two week high of $63.88. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The stock has a fifty day moving average of $62.05 and a 200-day moving average of $60.31.

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.