Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 23,363 shares, a decrease of 66.3% from the April 30th total of 69,397 shares. Based on an average daily trading volume, of 173,367 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF
Several large investors have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of Invesco S&P MidCap Quality ETF by 11.7% in the fourth quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock valued at $247,142,000 after purchasing an additional 252,612 shares during the period. Ameriprise Financial Inc. raised its position in shares of Invesco S&P MidCap Quality ETF by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap Quality ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock valued at $144,975,000 after purchasing an additional 95,372 shares during the period. Jones Financial Companies Lllp raised its position in shares of Invesco S&P MidCap Quality ETF by 17.0% in the third quarter. Jones Financial Companies Lllp now owns 706,521 shares of the company’s stock valued at $74,248,000 after purchasing an additional 102,731 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Invesco S&P MidCap Quality ETF by 2.1% in the first quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock valued at $67,917,000 after purchasing an additional 13,566 shares during the period.
Invesco S&P MidCap Quality ETF Price Performance
Shares of Invesco S&P MidCap Quality ETF stock traded up $0.56 during trading on Friday, hitting $110.66. 145,477 shares of the company’s stock traded hands, compared to its average volume of 233,398. The firm’s fifty day moving average price is $106.69 and its 200 day moving average price is $105.61. Invesco S&P MidCap Quality ETF has a twelve month low of $95.07 and a twelve month high of $112.49. The company has a market cap of $5.34 billion, a PE ratio of 16.29 and a beta of 0.98.
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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