Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Up 70.4% in December

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 69,973 shares, an increase of 70.4% from the November 30th total of 41,074 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 206,351 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 206,351 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

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

Several hedge funds have recently modified their holdings of XSMO. Osaic Holdings Inc. raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 8.4% during the second quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock valued at $119,082,000 after acquiring an additional 135,949 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 2.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,617,479 shares of the company’s stock worth $118,998,000 after acquiring an additional 37,196 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 28.4% during the 3rd 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 in the last quarter. Cetera Investment Advisers raised its position in Invesco S&P SmallCap Momentum ETF by 8.8% during the second quarter. Cetera Investment Advisers now owns 1,278,102 shares of the company’s stock valued at $86,936,000 after acquiring an additional 103,022 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 14.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 507,360 shares of the company’s stock valued at $37,327,000 after purchasing an additional 65,755 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA XSMO traded down $0.09 during mid-day trading on Friday, reaching $74.63. 91,567 shares of the company traded hands, compared to its average volume of 257,218. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $53.89 and a fifty-two week high of $75.93. The firm has a market cap of $2.08 billion, a PE ratio of 19.29 and a beta of 1.07. The stock has a fifty day simple moving average of $72.82 and a 200-day simple moving average of $71.25.

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.