Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 226,103 shares, a drop of 37.9% from the May 14th total of 363,890 shares. Based on an average daily volume of 136,668 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the shares of the stock are short sold.
Invesco S&P International Developed Quality ETF Stock Performance
IDHQ opened at $41.82 on Monday. The company’s 50 day moving average is $39.50 and its 200-day moving average is $37.58. Invesco S&P International Developed Quality ETF has a 1-year low of $31.54 and a 1-year high of $41.99. The company has a market cap of $798.76 million, a P/E ratio of 19.13 and a beta of 0.93.
Institutional Investors Weigh In On Invesco S&P International Developed Quality ETF
A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Invesco S&P International Developed Quality ETF by 219.8% in the 1st quarter. Bank of America Corp DE now owns 215,304 shares of the company’s stock valued at $7,615,000 after purchasing an additional 147,989 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Invesco S&P International Developed Quality ETF by 15.8% in the 1st quarter. Royal Bank of Canada now owns 8,665 shares of the company’s stock valued at $306,000 after purchasing an additional 1,180 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Invesco S&P International Developed Quality ETF in the 1st quarter valued at approximately $397,000. Parallel Advisors LLC boosted its stake in shares of Invesco S&P International Developed Quality ETF by 79.7% in the 1st quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $93,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Invesco S&P International Developed Quality ETF by 39.7% in the 1st quarter. Sanctuary Advisors LLC now owns 55,907 shares of the company’s stock valued at $1,977,000 after purchasing an additional 15,895 shares in the last quarter.
Invesco S&P International Developed Quality ETF Company Profile
The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends. The Underlying Index consists of securities selected to provide exposure to the constituents of the S&P Developed ex United States BMI Index that are identified by S&P Financial Serivces LLC (the Index Provider) as high quality stocks based on historical records of earnings and dividends.
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