Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Large Increase in Short Interest

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 17,947 shares, a growth of 69.0% from the September 15th total of 10,619 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 40,469 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Pacific Sun Financial Corp grew its position in shares of Invesco S&P MidCap Value with Momentum ETF by 2.7% in the 1st quarter. Pacific Sun Financial Corp now owns 6,523 shares of the company’s stock valued at $425,000 after buying an additional 170 shares during the last quarter. Breakwater Capital Group raised its stake in Invesco S&P MidCap Value with Momentum ETF by 1.2% during the 3rd quarter. Breakwater Capital Group now owns 18,037 shares of the company’s stock worth $1,258,000 after acquiring an additional 210 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Invesco S&P MidCap Value with Momentum ETF by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 23,723 shares of the company’s stock worth $1,682,000 after acquiring an additional 397 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF in the first quarter valued at $37,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF in the second quarter valued at $52,000.

Invesco S&P MidCap Value with Momentum ETF Trading Up 1.3%

XMVM stock opened at $72.44 on Friday. Invesco S&P MidCap Value with Momentum ETF has a twelve month low of $58.18 and a twelve month high of $76.01. The company’s 50 day moving average is $73.40 and its two-hundred day moving average is $71.23. The stock has a market cap of $515.05 million, a P/E ratio of 11.50 and a beta of 0.98.

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.