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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 88,612 shares, a growth of 84.0% from the July 30th total of 48,153 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 250,461 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of XSMO stock traded down $1.54 on Friday, hitting $84.15. The company’s stock had a trading volume of 584,742 shares, compared to its average volume of 263,834. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $68.59 and a fifty-two week high of $93.68. The firm’s fifty day moving average price is $88.45 and its 200-day moving average price is $84.51.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new stake in Invesco S&P SmallCap Momentum ETF during the first quarter worth approximately $29,000. Your Advocates Ltd. LLP acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the first quarter worth $32,000. High Note Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the fourth quarter worth $33,000. Allworth Financial LP boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 350.3% during the 4th quarter. Allworth Financial LP now owns 680 shares of the company’s stock worth $49,000 after buying an additional 529 shares during the period. Finally, Blair William & Co. IL boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 10,957.1% during the 3rd quarter. Blair William & Co. IL now owns 774 shares of the company’s stock worth $57,000 after buying an additional 767 shares during the period.

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.