Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Large Growth in Short Interest

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 18,671 shares, a growth of 191.6% from the May 14th total of 6,403 shares. Based on an average daily trading volume, of 17,756 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

XSVM traded up $0.80 during midday trading on Friday, reaching $69.29. 23,158 shares of the company were exchanged, compared to its average volume of 40,284. The company’s fifty day moving average price is $65.41 and its 200 day moving average price is $61.83. The company has a market cap of $643.01 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $49.63 and a one year high of $69.57.

Hedge Funds Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 7.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,620 shares of the company’s stock valued at $150,000 after purchasing an additional 184 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 2.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 8,223 shares of the company’s stock valued at $469,000 after purchasing an additional 186 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 215 shares during the last quarter. Lowery Thomas LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 1.2% in the fourth quarter. Lowery Thomas LLC now owns 25,670 shares of the company’s stock valued at $1,467,000 after purchasing an additional 303 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Invesco S&P SmallCap Value with Momentum ETF by 94.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $56,000 after purchasing an additional 478 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.