Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Short Interest Up 75.2% in August

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 541,095 shares, a growth of 75.2% from the July 30th total of 308,775 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 335,728 shares, the short-interest ratio is presently 1.6 days.

Invesco S&P MidCap Momentum ETF Stock Down 0.9%

Shares of Invesco S&P MidCap Momentum ETF stock opened at $150.91 on Wednesday. The company’s fifty day simple moving average is $160.18 and its two-hundred day simple moving average is $157.88. Invesco S&P MidCap Momentum ETF has a 12-month low of $129.31 and a 12-month high of $173.94. The firm has a market cap of $7.01 billion, a PE ratio of 22.06 and a beta of 1.09.

Institutional Trading of Invesco S&P MidCap Momentum ETF

Large investors have recently modified their holdings of the business. &PARTNERS raised its position in Invesco S&P MidCap Momentum ETF by 2.0% during the 4th quarter. &PARTNERS now owns 3,501 shares of the company’s stock valued at $485,000 after purchasing an additional 70 shares during the last quarter. Paller Financial Services Inc grew its position in shares of Invesco S&P MidCap Momentum ETF by 0.3% in the 2nd quarter. Paller Financial Services Inc now owns 24,545 shares of the company’s stock worth $4,176,000 after buying an additional 74 shares during the last quarter. Pacific Sun Financial Corp increased its stake in shares of Invesco S&P MidCap Momentum ETF by 1.6% during the first quarter. Pacific Sun Financial Corp now owns 5,163 shares of the company’s stock valued at $749,000 after buying an additional 80 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Invesco S&P MidCap Momentum ETF by 0.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,845 shares of the company’s stock valued at $1,640,000 after buying an additional 86 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.4% during the third quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock valued at $541,000 after acquiring an additional 95 shares in the last quarter.

About Invesco S&P MidCap Momentum ETF

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.