Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Shares Shorted: Short Interest Down 41.1% in October

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 12,883 shares, a decrease of 41.1% from the September 30th total of 21,885 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,808 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

NYSEARCA:XSVM traded up $1.24 during mid-day trading on Monday, hitting $68.50. 51,232 shares of the company’s stock traded hands, compared to its average volume of 37,545. The firm’s 50 day simple moving average is $67.56 and its 200 day simple moving average is $65.92. Invesco S&P SmallCap Value with Momentum ETF has a 1 year low of $52.86 and a 1 year high of $72.97. The company has a market cap of $598.68 million, a PE ratio of 9.55 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. New Wave Wealth Advisors LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.6% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 29,310 shares of the company’s stock worth $1,936,000 after acquiring an additional 189 shares during the period. Fermata Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.6% in the 2nd quarter. Fermata Advisors LLC now owns 52,280 shares of the company’s stock valued at $3,638,000 after purchasing an additional 300 shares in the last quarter. Cooper Financial Group lifted its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.6% in the 2nd quarter. Cooper Financial Group now owns 72,107 shares of the company’s stock valued at $5,018,000 after purchasing an additional 426 shares in the last quarter. Eagle Strategies LLC grew its stake in Invesco S&P SmallCap Value with Momentum ETF by 3.0% during the third quarter. Eagle Strategies LLC now owns 14,780 shares of the company’s stock worth $962,000 after buying an additional 428 shares during the period. Finally, OxenFree Capital LLC boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 3.5% during the 3rd quarter. OxenFree Capital LLC now owns 19,063 shares of the company’s stock worth $1,268,000 after purchasing an additional 640 shares during the period.

About Invesco S&P SmallCap Value with Momentum ETF

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.