Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) Short Interest Up 500.3% in May

by · The Cerbat Gem

Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 363,890 shares, a growth of 500.3% from the April 30th total of 60,622 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 47,999 shares, the days-to-cover ratio is currently 7.6 days.

Institutional Investors Weigh In On Invesco S&P International Developed Quality ETF

Several hedge funds have recently modified their holdings of IDHQ. JPMorgan Chase & Co. boosted its stake in Invesco S&P International Developed Quality ETF by 149.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 63,728 shares of the company’s stock worth $2,102,000 after buying an additional 38,178 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Invesco S&P International Developed Quality ETF by 12.5% during the 2nd quarter. Raymond James Financial Inc. now owns 271,459 shares of the company’s stock worth $8,953,000 after buying an additional 30,215 shares during the last quarter. Jane Street Group LLC grew its position in shares of Invesco S&P International Developed Quality ETF by 1.0% in the 2nd quarter. Jane Street Group LLC now owns 47,928 shares of the company’s stock worth $1,581,000 after acquiring an additional 495 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco S&P International Developed Quality ETF by 95.4% in the 2nd quarter. Bank of America Corp DE now owns 83,083 shares of the company’s stock valued at $2,740,000 after acquiring an additional 40,557 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Invesco S&P International Developed Quality ETF by 5.0% during the third quarter. Truist Financial Corp now owns 68,216 shares of the company’s stock worth $2,295,000 after purchasing an additional 3,256 shares during the last quarter.

Invesco S&P International Developed Quality ETF Price Performance

IDHQ opened at $41.63 on Friday. The firm has a fifty day moving average price of $38.36 and a 200 day moving average price of $37.08. Invesco S&P International Developed Quality ETF has a 1 year low of $31.54 and a 1 year high of $41.86. The stock has a market cap of $795.13 million, a P/E ratio of 19.13 and a beta of 0.92.

About Invesco S&P International Developed Quality ETF

(Get Free Report)

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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