Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Large Decline in Short Interest
by Michael Walen · The Markets DailyInvesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 13,601 shares, a drop of 41.8% from the May 14th total of 23,363 shares. Based on an average daily volume of 219,382 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Invesco S&P MidCap Quality ETF Stock Down 0.1%
Shares of NYSEARCA XMHQ traded down $0.16 during mid-day trading on Tuesday, hitting $111.51. 158,076 shares of the company were exchanged, compared to its average volume of 228,516. The stock has a 50 day simple moving average of $108.59 and a 200-day simple moving average of $106.45. Invesco S&P MidCap Quality ETF has a 1-year low of $95.07 and a 1-year high of $113.29. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 16.29 and a beta of 0.98.
Institutional Investors Weigh In On Invesco S&P MidCap Quality ETF
Several hedge funds have recently modified their holdings of XMHQ. Jane Street Group LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the first quarter worth $1,793,000. Cresset Asset Management LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at $201,000. Qube Research & Technologies Ltd acquired a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at $44,000. Betterment LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 16.2% in the second quarter. Betterment LLC now owns 2,755 shares of the company’s stock valued at $271,000 after acquiring an additional 385 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Invesco S&P MidCap Quality ETF by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after acquiring an additional 83,853 shares during the period.
About Invesco S&P MidCap Quality ETF
The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.