Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 42,944 shares, a drop of 82.4% from the May 31st total of 244,217 shares. Based on an average daily trading volume, of 411,454 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Invesco S&P International Developed Momentum ETF Stock Performance
Shares of NYSEARCA IDMO traded down $0.55 during midday trading on Friday, hitting $59.60. The company’s stock had a trading volume of 355,585 shares, compared to its average volume of 500,121. Invesco S&P International Developed Momentum ETF has a 1-year low of $50.20 and a 1-year high of $62.20. The firm’s fifty day moving average price is $59.66 and its 200-day moving average price is $57.95. The firm has a market cap of $3.60 billion, a P/E ratio of 18.41 and a beta of 0.80.
Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of IDMO. Embree Financial Group boosted its position in Invesco S&P International Developed Momentum ETF by 39.5% during the 4th quarter. Embree Financial Group now owns 61,685 shares of the company’s stock valued at $3,428,000 after purchasing an additional 17,469 shares during the period. Foresight Capital Management Advisors Inc. boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 112.5% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock valued at $5,507,000 after acquiring an additional 52,469 shares during the period. ORG Partners LLC boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 12.0% during the fourth quarter. ORG Partners LLC now owns 195,267 shares of the company’s stock valued at $10,853,000 after acquiring an additional 20,904 shares during the period. Welch Financial Planning LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth about $4,858,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth about $498,000.
About Invesco S&P International Developed Momentum ETF
The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.
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