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

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 38,162 shares, a growth of 97.5% from the August 15th total of 19,319 shares. Based on an average daily trading volume, of 26,578 shares, the short-interest ratio is currently 1.4 days. Currently, 0.6% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of XMVM. Bank of America Corp DE lifted its position in shares of 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 worth $36,870,000 after purchasing an additional 6,220 shares during the last quarter. Whitaker Myers Wealth Managers LTD. increased its position in 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 purchasing an additional 14,184 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P MidCap Value with Momentum ETF by 14.6% in the fourth 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 in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap Value with Momentum ETF by 12.3% in the 1st quarter. Cetera Investment Advisers now owns 72,698 shares of the company’s stock worth $4,734,000 after acquiring an additional 7,935 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the 1st quarter worth $4,359,000.

Invesco S&P MidCap Value with Momentum ETF Stock Up 0.0%

NYSEARCA XMVM traded up $0.01 during trading hours on Tuesday, hitting $74.03. 3,252 shares of the company were exchanged, compared to its average volume of 33,310. The stock has a market cap of $501.16 million, a PE ratio of 11.50 and a beta of 0.97. The stock has a 50-day moving average price of $74.23 and a 200 day moving average price of $70.22. Invesco S&P MidCap Value with Momentum ETF has a 52 week low of $58.18 and a 52 week high of $76.01.

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.