Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Sees Significant Decrease in Short Interest

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 87,798 shares, a decrease of 71.8% from the June 30th total of 311,673 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 354,218 shares, the short-interest ratio is currently 0.2 days.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of NYSEARCA IDMO traded up $0.31 during mid-day trading on Friday, reaching $59.76. The company had a trading volume of 159,835 shares, compared to its average volume of 477,185. The stock has a fifty day moving average of $59.82 and a two-hundred day moving average of $58.50. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12-month low of $50.21 and a 12-month high of $62.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDMO. Capstone Wealth Management Group LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at $1,171,000. Creative Planning purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter valued at $269,000. CW Advisors LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth $226,000. Raymond James Financial Inc. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 65.9% in the second quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock worth $11,482,000 after acquiring an additional 88,971 shares during the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth $366,000.

About Invesco S&P International Developed Momentum ETF

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.