Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sees Significant Decline in Short Interest

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 50,285 shares, a decrease of 57.4% from the April 15th total of 117,921 shares. Based on an average daily volume of 261,529 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Several hedge funds have recently modified their holdings of XSMO. LPL Financial LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after acquiring an additional 66,942 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 2.0% during the fourth quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock worth $124,644,000 after acquiring an additional 33,235 shares during the period. Envestnet Asset Management Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 2.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,617,479 shares of the company’s stock valued at $118,998,000 after buying an additional 37,196 shares during the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 28.4% in the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after buying an additional 293,947 shares during the last quarter. Finally, Morgan Stanley increased its stake in Invesco S&P SmallCap Momentum ETF by 23.7% in the 4th quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after buying an additional 180,690 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 2.2%

NYSEARCA XSMO opened at $84.76 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. The company has a 50 day moving average of $80.79 and a 200-day moving average of $77.12. Invesco S&P SmallCap Momentum ETF has a 1-year low of $64.02 and a 1-year high of $88.57.

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.