Short Interest in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Decreases By 41.8%

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) was the target of a significant drop in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 219,382 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P MidCap Quality ETF Trading Up 0.4%

Shares of NYSEARCA XMHQ opened at $111.30 on Friday. The stock has a market cap of $5.37 billion, a P/E ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a 12-month low of $95.07 and a 12-month high of $113.29. The business’s fifty day simple moving average is $108.44 and its 200-day simple moving average is $106.34.

Institutional Trading of Invesco S&P MidCap Quality ETF

Hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in Invesco S&P MidCap Quality ETF by 11.7% in the fourth quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock valued at $247,142,000 after buying an additional 252,612 shares in the last quarter. Equitable Trust Co. raised its stake in Invesco S&P MidCap Quality ETF by 272.7% in the fourth quarter. Equitable Trust Co. now owns 329,642 shares of the company’s stock valued at $33,762,000 after buying an additional 241,196 shares in the last quarter. Blue Water Asset Management acquired a new stake in Invesco S&P MidCap Quality ETF in the fourth quarter valued at $18,981,000. Cetera Investment Advisers raised its stake in Invesco S&P MidCap Quality ETF by 11.6% in the fourth quarter. Cetera Investment Advisers now owns 1,307,111 shares of the company’s stock valued at $133,874,000 after buying an additional 135,380 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Invesco S&P MidCap Quality ETF by 2,937.6% in the fourth quarter. Farther Finance Advisors LLC now owns 139,853 shares of the company’s stock valued at $14,324,000 after buying an additional 135,249 shares in the last quarter.

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.