Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 36,700 shares, a growth of 293.4% from the July 15th total of 9,330 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 27,131 shares, the short-interest ratio is presently 1.4 days.
Invesco S&P MidCap Value with Momentum ETF Stock Up 0.3%
Invesco S&P MidCap Value with Momentum ETF stock traded up $0.26 during trading hours on Friday, hitting $75.77. The stock had a trading volume of 24,286 shares, compared to its average volume of 34,205. The stock has a market cap of $512.96 million, a price-to-earnings ratio of 11.50 and a beta of 0.97. Invesco S&P MidCap Value with Momentum ETF has a one year low of $56.99 and a one year high of $75.95. The business’s 50 day simple moving average is $72.49 and its 200-day simple moving average is $69.22.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Invesco S&P MidCap Value with Momentum ETF by 1.1% during the 1st quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock worth $36,870,000 after acquiring an additional 6,220 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 562,745 shares of the company’s stock valued at $36,106,000 after acquiring an additional 18,141 shares during the last quarter. Whitaker Myers Wealth Managers LTD. lifted its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 6.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock worth $16,380,000 after purchasing an additional 14,184 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 7.7% during the third quarter. Raymond James Financial Inc. now owns 149,246 shares of the company’s stock worth $9,198,000 after purchasing an additional 10,608 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P MidCap Value with Momentum ETF by 14.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock worth $9,539,000 after purchasing an additional 18,909 shares during the last quarter.
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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