Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 9,330 shares, a drop of 67.9% from the June 30th total of 29,043 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 28,959 shares, the short-interest ratio is currently 0.3 days.
Invesco S&P MidCap Value with Momentum ETF Price Performance
Shares of NYSEARCA XMVM opened at $74.18 on Friday. Invesco S&P MidCap Value with Momentum ETF has a one year low of $54.32 and a one year high of $74.71. The business’s 50-day moving average price is $70.68 and its two-hundred day moving average price is $68.30. The company has a market capitalization of $499.97 million, a P/E ratio of 11.50 and a beta of 0.98.
Institutional Investors Weigh In On Invesco S&P MidCap Value with Momentum ETF
Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 0.8% in the 1st quarter. Royal Bank of Canada now owns 75,247 shares of the company’s stock valued at $3,969,000 after buying an additional 579 shares in the last quarter. MML Investors Services LLC raised its position in Invesco S&P MidCap Value with Momentum ETF by 321.7% during the second quarter. MML Investors Services LLC now owns 55,025 shares of the company’s stock valued at $3,061,000 after acquiring an additional 41,976 shares in the last quarter. Captrust Financial Advisors raised its position in Invesco S&P MidCap Value with Momentum ETF by 3.2% during the second quarter. Captrust Financial Advisors now owns 59,622 shares of the company’s stock valued at $3,317,000 after acquiring an additional 1,830 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Invesco S&P MidCap Value with Momentum ETF in the second quarter valued at approximately $369,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco S&P MidCap Value with Momentum ETF in the third quarter valued at approximately $616,000.
About Invesco S&P MidCap Value with Momentum ETF
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.
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