Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Short Interest Update

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 541,095 shares, a growth of 75.2% from the July 30th total of 308,775 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 335,728 shares, the days-to-cover ratio is currently 1.6 days.

Invesco S&P MidCap Momentum ETF Price Performance

Shares of XMMO stock opened at $153.17 on Monday. Invesco S&P MidCap Momentum ETF has a 1-year low of $129.31 and a 1-year high of $173.94. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 22.06 and a beta of 1.09. The stock has a 50 day simple moving average of $160.99 and a 200-day simple moving average of $157.80.

Hedge Funds Weigh In On Invesco S&P MidCap Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $28,000. AlphaCore Capital LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $34,000. Park Square Financial Group LLC acquired a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $36,000. Signature Equity Partners LLC acquired a new stake in Invesco S&P MidCap Momentum ETF in the 1st quarter worth about $46,000. Finally, Aptus Capital Advisors LLC increased its stake in Invesco S&P MidCap Momentum ETF by 2,293.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 383 shares of the company’s stock worth $52,000 after buying an additional 367 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Company Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.