Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Update

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 10,619 shares, a decline of 72.2% from the August 31st total of 38,162 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 28,218 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P MidCap Value with Momentum ETF Stock Up 0.8%

Shares of XMVM opened at $71.53 on Friday. The business has a 50-day simple moving average of $74.27 and a two-hundred day simple moving average of $70.52. The stock has a market cap of $505.00 million, a price-to-earnings ratio of 11.50 and a beta of 0.97. Invesco S&P MidCap Value with Momentum ETF has a 52 week low of $58.18 and a 52 week high of $76.01.

Institutional Investors Weigh In On Invesco S&P MidCap Value with Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XMVM. Bank of America Corp DE lifted its holdings in Invesco S&P MidCap Value with Momentum ETF by 1.1% during the first quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock valued at $36,870,000 after purchasing an additional 6,220 shares in the last quarter. Whitaker Myers Wealth Managers LTD. lifted its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock valued at $16,380,000 after buying an additional 14,184 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P MidCap Value with Momentum ETF by 14.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock worth $9,539,000 after buying an additional 18,909 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 12.3% during the first quarter. Cetera Investment Advisers now owns 72,698 shares of the company’s stock worth $4,734,000 after purchasing an additional 7,935 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter valued at approximately $4,359,000.

Invesco S&P MidCap Value with Momentum ETF Company Profile

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.