Short Interest in Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Decreases By 69.6%

Invesco S&P SmallCap Quality ETF (BATS:XSHQ) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,139 shares, a drop of 69.6% from the May 31st total of 49,762 shares. Based on an average trading volume of 29,186 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Invesco S&P SmallCap Quality ETF Stock Performance

XSHQ stock opened at $48.08 on Tuesday. The company has a 50 day moving average price of $45.95 and a two-hundred day moving average price of $44.30. The stock has a market capitalization of $381.27 million, a P/E ratio of 14.16 and a beta of 1.00. Invesco S&P SmallCap Quality ETF has a one year low of $40.02 and a one year high of $48.18.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in XSHQ. Larson Financial Group LLC increased its stake in Invesco S&P SmallCap Quality ETF by 2.1% in the fourth quarter. Larson Financial Group LLC now owns 563,884 shares of the company’s stock valued at $23,737,000 after purchasing an additional 11,764 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P SmallCap Quality ETF by 4.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,883 shares of the company’s stock worth $20,369,000 after buying an additional 20,200 shares during the period. Private Advisory Group LLC boosted its stake in Invesco S&P SmallCap Quality ETF by 7.3% in the 4th quarter. Private Advisory Group LLC now owns 127,710 shares of the company’s stock worth $5,376,000 after buying an additional 8,720 shares during the last quarter. Beacon Financial Planning Inc. boosted its stake in Invesco S&P SmallCap Quality ETF by 2.5% in the 4th quarter. Beacon Financial Planning Inc. now owns 95,937 shares of the company’s stock worth $4,038,000 after buying an additional 2,346 shares during the last quarter. Finally, Intrua Financial LLC grew its holdings in Invesco S&P SmallCap Quality ETF by 1.8% in the 4th quarter. Intrua Financial LLC now owns 81,995 shares of the company’s stock valued at $3,452,000 after buying an additional 1,460 shares during the period.

About Invesco S&P SmallCap Quality ETF

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.