Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 38,162 shares, an increase of 97.5% from the August 15th total of 19,319 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 26,578 shares, the days-to-cover ratio is currently 1.4 days.
Hedge Funds Weigh In On Invesco S&P MidCap Value with Momentum ETF
A number of institutional investors and hedge funds have recently bought and sold shares of XMVM. Western Wealth Management LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter worth $37,000. IFP Advisors Inc purchased a new position in Invesco S&P MidCap Value with Momentum ETF in the 4th quarter valued at about $43,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the second quarter valued at about $52,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter valued at about $63,000. Finally, SHP Wealth Management purchased a new stake in shares of Invesco S&P MidCap Value with Momentum ETF during the fourth quarter worth about $103,000.
Invesco S&P MidCap Value with Momentum ETF Stock Down 1.5%
Shares of NYSEARCA XMVM traded down $1.08 on Wednesday, hitting $73.24. The company had a trading volume of 116,016 shares, compared to its average volume of 33,782. Invesco S&P MidCap Value with Momentum ETF has a 12-month low of $58.18 and a 12-month high of $76.01. The firm has a market capitalization of $445.31 million, a P/E ratio of 11.50 and a beta of 0.97. The business has a 50 day moving average of $74.29 and a two-hundred day moving average of $70.26.
Invesco S&P MidCap Value with Momentum ETF Company Profile
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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