Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Stock Short Interest Declines 54.6%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 64,184 shares, a decrease of 54.6% from the September 15th total of 141,310 shares. Based on an average trading volume of 299,192 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock worth $167,188,000 after buying an additional 69,188 shares during the last quarter. Cetera Investment Advisers increased its holdings 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 in the last quarter. Gratus Wealth Advisors LLC increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 6.0% in the first quarter. Gratus Wealth Advisors LLC now owns 520,253 shares of the company’s stock valued at $39,550,000 after buying an additional 29,366 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 17.0% in the first quarter. Bank of America Corp DE now owns 474,699 shares of the company’s stock valued at $36,087,000 after buying an additional 68,961 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Invesco S&P SmallCap Momentum ETF by 1.1% during the 1st quarter. Apollon Wealth Management LLC now owns 389,278 shares of the company’s stock valued at $29,593,000 after acquiring an additional 4,347 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO traded down $0.28 during trading hours on Tuesday, hitting $81.03. 230,129 shares of the company’s stock traded hands, compared to its average volume of 266,697. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68. The company’s fifty day simple moving average is $84.66 and its two-hundred day simple moving average is $85.60. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11.

Invesco S&P SmallCap Momentum ETF Company Profile

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.