Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Short Interest Update

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 42,944 shares, a decrease of 82.4% from the May 31st total of 244,217 shares. Based on an average trading volume of 411,454 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Invesco S&P International Developed Momentum ETF Stock Up 1.2%

IDMO stock opened at $60.15 on Friday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a twelve month low of $50.20 and a twelve month high of $62.20. The business has a 50 day moving average price of $59.66 and a two-hundred day moving average price of $57.94.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IDMO. Triumph Capital Management acquired a new position in Invesco S&P International Developed Momentum ETF during the third quarter worth $25,000. Harbor Asset Planning Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the first quarter valued at $41,000. Bessemer Group Inc. grew its position in shares of Invesco S&P International Developed Momentum ETF by 90.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after acquiring an additional 480 shares during the period. Clarity Asset Management Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter worth about $62,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Invesco S&P International Developed Momentum ETF by 45.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after purchasing an additional 361 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Company Profile

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.