Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Short Interest Down 41.5% in August

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 20,980 shares, a decrease of 41.5% from the July 30th total of 35,845 shares. Based on an average daily volume of 31,774 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 271.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock worth $20,222,000 after acquiring an additional 258,711 shares during the period. 360 Financial Inc. boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the 4th quarter. 360 Financial Inc. now owns 314,110 shares of the company’s stock valued at $17,948,000 after purchasing an additional 3,308 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 173.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock worth $15,750,000 after purchasing an additional 174,751 shares during the period. Cetera Investment Advisers increased its position in Invesco S&P SmallCap Value with Momentum ETF by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock worth $8,713,000 after purchasing an additional 1,549 shares during the period. Finally, Altman Advisors Inc. raised its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 10.7% during the 4th quarter. Altman Advisors Inc. now owns 137,061 shares of the company’s stock worth $7,832,000 after buying an additional 13,197 shares in the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.8%

NYSEARCA:XSVM traded down $0.55 during midday trading on Monday, reaching $69.11. The stock had a trading volume of 14,443 shares, compared to its average volume of 38,250. The stock has a market cap of $653.09 million, a P/E ratio of 9.55 and a beta of 1.00. The firm has a fifty day simple moving average of $70.44 and a two-hundred day simple moving average of $66.11. Invesco S&P SmallCap Value with Momentum ETF has a 12-month low of $52.86 and a 12-month high of $72.97.

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.