Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Large Growth in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 38,162 shares, a growth of 97.5% from the August 15th total of 19,319 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 26,578 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sovran Advisors LLC purchased a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the first quarter valued at about $882,000. Tactive Advisors LLC bought a new stake in Invesco S&P MidCap Value with Momentum ETF in the 1st quarter valued at $2,060,000. Whitaker Myers Wealth Managers LTD. lifted its stake in Invesco S&P MidCap Value with Momentum ETF by 6.5% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock worth $16,380,000 after purchasing an additional 14,184 shares in the last quarter. Citadel Advisors LLC lifted its stake in Invesco S&P MidCap Value with Momentum ETF by 134.9% in the 2nd quarter. Citadel Advisors LLC now owns 18,493 shares of the company’s stock worth $1,312,000 after purchasing an additional 10,620 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of Invesco S&P MidCap Value with Momentum ETF during the 1st quarter valued at about $4,359,000.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of XMVM stock traded up $0.01 on Tuesday, reaching $74.03. The stock had a trading volume of 3,252 shares, compared to its average volume of 33,310. The stock has a market cap of $501.16 million, a P/E ratio of 11.50 and a beta of 0.97. The company has a 50 day simple moving average of $74.23 and a 200 day simple moving average of $70.22. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $58.18 and a 1 year high of $76.01.

About Invesco S&P MidCap Value with Momentum ETF

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.