Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 441,322 shares, a growth of 662.6% from the April 15th total of 57,874 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 385,721 shares, the days-to-cover ratio is currently 1.1 days.
Invesco S&P International Developed Momentum ETF Price Performance
Shares of NYSEARCA:IDMO traded down $0.28 during trading on Tuesday, reaching $60.45. The stock had a trading volume of 362,968 shares, compared to its average volume of 536,906. Invesco S&P International Developed Momentum ETF has a 52 week low of $47.41 and a 52 week high of $61.17. The business’s 50-day moving average price is $57.35 and its 200 day moving average price is $56.56. The stock has a market capitalization of $3.65 billion, a PE ratio of 18.41 and a beta of 0.81.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. D Orazio & Associates Inc. raised its stake in shares of Invesco S&P International Developed Momentum ETF by 347.3% in the third quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock valued at $11,744,000 after acquiring an additional 168,892 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P International Developed Momentum ETF by 26.0% in the third quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock valued at $23,077,000 after acquiring an additional 88,151 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its stake in shares of Invesco S&P International Developed Momentum ETF by 776.3% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 487,224 shares of the company’s stock valued at $26,305,000 after acquiring an additional 431,622 shares during the last quarter. Embree Financial Group raised its stake in shares of Invesco S&P International Developed Momentum ETF by 39.5% in the fourth quarter. Embree Financial Group now owns 61,685 shares of the company’s stock valued at $3,428,000 after acquiring an additional 17,469 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Invesco S&P International Developed Momentum ETF by 79.8% in the fourth quarter. Perigon Wealth Management LLC now owns 34,793 shares of the company’s stock valued at $1,933,000 after acquiring an additional 15,443 shares during the last quarter.
Invesco S&P International Developed Momentum ETF Company Profile
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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