Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 126,284 shares, a growth of 96.5% from the September 30th total of 64,277 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 388,939 shares, the short-interest ratio is currently 0.3 days.
Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. John Boyer Inc. bought a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at $26,000. Bessemer Group Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 90.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after acquiring an additional 480 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the first quarter valued at approximately $69,000. Waverly Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth about $71,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at $86,000.
Invesco S&P International Developed Momentum ETF Price Performance
Shares of IDMO stock traded up $0.30 during trading on Monday, reaching $58.31. The company had a trading volume of 71,316 shares, compared to its average volume of 432,785. The firm’s 50 day simple moving average is $61.09 and its two-hundred day simple moving average is $59.50. The company has a market capitalization of $4.18 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a one year low of $52.14 and a one year high of $63.88.
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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