Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 311,673 shares, an increase of 625.8% from the June 15th total of 42,944 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 390,147 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Triumph Capital Management bought a new stake in Invesco S&P International Developed Momentum ETF during the 3rd quarter worth $25,000. Harbor Asset Planning Inc. bought a new position in Invesco S&P International Developed Momentum ETF in the first quarter valued at about $41,000. Bessemer Group Inc. raised its position in Invesco S&P International Developed Momentum ETF by 90.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after purchasing an additional 480 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter valued at about $62,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 45.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after purchasing an additional 361 shares in the last quarter.
Invesco S&P International Developed Momentum ETF Trading Down 1.1%
NYSEARCA:IDMO traded down $0.69 on Monday, hitting $59.45. The company had a trading volume of 30,026 shares, compared to its average volume of 485,230. Invesco S&P International Developed Momentum ETF has a 52 week low of $50.21 and a 52 week high of $62.20. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The firm has a 50 day moving average of $59.93 and a two-hundred day moving average of $58.26.
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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