Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 64,277 shares, a decrease of 57.2% from the September 15th total of 150,165 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 393,153 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 1st quarter worth approximately $41,000. Bessemer Group Inc. raised its position in shares of Invesco S&P International Developed Momentum ETF by 90.6% during 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 in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth $69,000. Waverly Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth $71,000. Finally, PNC Financial Services Group Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth $86,000.
Invesco S&P International Developed Momentum ETF Price Performance
NYSEARCA:IDMO traded up $0.17 during mid-day trading on Tuesday, reaching $60.20. The stock had a trading volume of 376,526 shares, compared to its average volume of 440,091. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1-year low of $52.14 and a 1-year high of $63.88. The stock’s 50 day simple moving average is $62.14 and its two-hundred day simple moving average is $60.23.
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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