Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 48,930 shares, a growth of 69.3% from the July 15th total of 28,900 shares. Based on an average daily volume of 185,157 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF
A number of large investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 93.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after acquiring an additional 146 shares during the last quarter. SHP Wealth Management bought a new stake in shares of Invesco S&P MidCap Quality ETF during the fourth quarter worth $33,000. Qube Research & Technologies Ltd bought a new stake in Invesco S&P MidCap Quality ETF during the 2nd quarter worth $44,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Invesco S&P MidCap Quality ETF by 1,420.7% in the third quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock valued at $46,000 after buying an additional 412 shares during the period.
Invesco S&P MidCap Quality ETF Trading Down 0.2%
NYSEARCA:XMHQ traded down $0.29 during mid-day trading on Monday, hitting $119.59. The company’s stock had a trading volume of 120,625 shares, compared to its average volume of 212,532. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. Invesco S&P MidCap Quality ETF has a fifty-two week low of $97.49 and a fifty-two week high of $119.95. The stock has a fifty day moving average of $113.75 and a 200-day moving average of $109.32.
About Invesco S&P MidCap Quality ETF
The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.
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