Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Up 118.9% in April

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 60,622 shares, a growth of 118.9% from the April 15th total of 27,694 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,378 shares, the days-to-cover ratio is presently 1.7 days.

Invesco S&P International Developed Quality ETF Stock Down 2.7%

IDHQ stock opened at $39.33 on Friday. The firm has a market capitalization of $751.20 million, a PE ratio of 19.13 and a beta of 0.92. Invesco S&P International Developed Quality ETF has a twelve month low of $31.54 and a twelve month high of $40.94. The stock has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $36.66.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IDHQ. Thrivent Financial for Lutherans purchased a new position in Invesco S&P International Developed Quality ETF during the 3rd quarter valued at about $29,742,000. Align Financial LLC purchased a new position in Invesco S&P International Developed Quality ETF during the 4th quarter valued at about $19,896,000. WCG Wealth Advisors LLC grew its holdings in shares of Invesco S&P International Developed Quality ETF by 178.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 834,521 shares of the company’s stock worth $29,334,000 after purchasing an additional 534,913 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P International Developed Quality ETF by 29.3% during the fourth quarter. LPL Financial LLC now owns 1,715,684 shares of the company’s stock worth $60,306,000 after purchasing an additional 388,798 shares in the last quarter. Finally, Integrated Capital Management LLC purchased a new position in shares of Invesco S&P International Developed Quality ETF during the fourth quarter worth about $12,594,000.

About Invesco S&P International Developed Quality ETF

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.