Short Interest in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Increases By 75.5%

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,547 shares, a growth of 75.5% from the June 30th total of 7,151 shares. Based on an average daily volume of 22,940 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Invesco S&P SmallCap Value with Momentum ETF stock traded down $0.20 during mid-day trading on Thursday, reaching $71.45. The company had a trading volume of 39,052 shares, compared to its average volume of 38,918. The stock’s 50-day simple moving average is $68.94 and its 200-day simple moving average is $64.63. Invesco S&P SmallCap Value with Momentum ETF has a 1 year low of $50.75 and a 1 year high of $72.27. The company has a market capitalization of $673.06 million, a P/E ratio of 9.55 and a beta of 1.00.

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

Several hedge funds and other institutional investors have recently bought and sold shares of XSVM. Williams & Novak LLC grew its holdings in Invesco S&P SmallCap Value with Momentum ETF by 2.6% in the second quarter. Williams & Novak LLC now owns 35,073 shares of the company’s stock valued at $2,441,000 after purchasing an additional 875 shares during the last quarter. Cooper Financial Group boosted its position 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 worth $5,018,000 after buying an additional 426 shares in the last quarter. Evanson Financial LLC acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at about $310,000. Fermata Advisors LLC grew its stake in 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 acquiring an additional 300 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF during the 1st quarter valued at about $334,000.

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.