Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Drops By 50.0%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 48,153 shares, a decrease of 50.0% from the July 15th total of 96,398 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 252,639 shares, the days-to-cover ratio is presently 0.2 days.

Invesco S&P SmallCap Momentum ETF Trading Up 0.9%

Invesco S&P SmallCap Momentum ETF stock traded up $0.84 during mid-day trading on Friday, reaching $89.59. The company had a trading volume of 195,954 shares, compared to its average volume of 260,168. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $68.59 and a fifty-two week high of $93.68. The company has a market cap of $3.13 billion, a P/E ratio of 19.29 and a beta of 1.09. The business has a fifty day simple moving average of $88.88 and a 200 day simple moving average of $83.89.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

Hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its holdings in Invesco S&P SmallCap Momentum ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock worth $156,371,000 after purchasing an additional 66,942 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 2.0% during the fourth quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock valued at $124,644,000 after purchasing an additional 33,235 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P SmallCap Momentum ETF by 28.4% during the third quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock worth $97,664,000 after purchasing an additional 293,947 shares during the last quarter. Morgan Stanley grew its holdings in shares of Invesco S&P SmallCap Momentum ETF by 23.7% during the fourth quarter. Morgan Stanley now owns 942,702 shares of the company’s stock worth $67,884,000 after purchasing an additional 180,690 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock valued at $66,144,000 after buying an additional 59,526 shares during the period.

About Invesco S&P SmallCap Momentum ETF

The Invesco S&P SmallCap Momentum ETF (XSMO) is an exchange-traded fund that is based on the S&P Small Cap 600 Momentum index. The fund tracks an index of US small-caps stocks selected by momentum. Holdings are weighted by a combination of market cap and momentum. XSMO was launched on Mar 3, 2005 and is managed by Invesco.