Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Update

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 87,330 shares, an increase of 50.3% from the December 31st total of 58,090 shares. Based on an average daily volume of 226,625 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 226,625 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors have recently modified their holdings of the company. Beacon Capital Management Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF in the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter worth approximately $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at $41,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at $49,000.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of XSMO stock traded down $0.70 on Friday, hitting $76.25. The company had a trading volume of 206,940 shares, compared to its average volume of 260,897. The stock’s 50-day moving average is $74.64 and its two-hundred day moving average is $72.59. The firm has a market cap of $2.22 billion, a P/E ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a twelve month low of $53.89 and a twelve month high of $79.18.

About Invesco S&P SmallCap Momentum ETF

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.