Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Shares Shorted: Short Interest Up 112.2% in September

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 157,363 shares, a growth of 112.2% from the August 31st total of 74,160 shares. Based on an average daily trading volume, of 148,677 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Invesco S&P MidCap Quality ETF Stock Performance

Invesco S&P MidCap Quality ETF stock opened at $111.69 on Wednesday. The stock has a market cap of $5.34 billion, a PE ratio of 16.29 and a beta of 0.97. The stock has a 50-day moving average of $116.33 and a two-hundred day moving average of $111.28. Invesco S&P MidCap Quality ETF has a one year low of $97.49 and a one year high of $119.99.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in Invesco S&P MidCap Quality ETF by 2,705.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 99,569 shares of the company’s stock worth $11,239,000 after purchasing an additional 96,020 shares in the last quarter. NewEdge Advisors LLC increased its stake in Invesco S&P MidCap Quality ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 364,659 shares of the company’s stock valued at $41,163,000 after purchasing an additional 30,976 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 3.1% in the second quarter. Baird Financial Group Inc. now owns 7,179 shares of the company’s stock worth $810,000 after buying an additional 217 shares during the last quarter. XY Planning Network Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 28.0% in the second quarter. XY Planning Network Inc. now owns 91,449 shares of the company’s stock worth $10,323,000 after buying an additional 20,010 shares during the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 1,592.6% in the second quarter. Waverly Advisors LLC now owns 469,902 shares of the company’s stock worth $53,043,000 after buying an additional 442,140 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.