Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Large Drop in Short Interest

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a large decrease in short interest in 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,808 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P SmallCap Value with Momentum ETF Stock Down 0.9%

XSVM stock traded down $0.61 during midday trading on Friday, reaching $67.26. The company’s stock had a trading volume of 17,610 shares, compared to its average volume of 37,482. The stock has a market cap of $587.85 million, a PE ratio of 9.55 and a beta of 1.02. Invesco S&P SmallCap Value with Momentum ETF has a 52 week low of $52.86 and a 52 week high of $72.97. The business’s 50-day simple moving average is $67.56 and its 200-day simple moving average is $65.92.

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

A number of large investors have recently bought and sold shares of XSVM. Cetera Investment Advisers lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock worth $8,713,000 after buying an additional 1,549 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 119,498 shares of the company’s stock worth $8,316,000 after acquiring an additional 780 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 2.0% during the 1st quarter. Private Advisor Group LLC now owns 112,004 shares of the company’s stock valued at $6,749,000 after purchasing an additional 2,194 shares during the last quarter. Cooper Financial Group boosted its position in Invesco S&P SmallCap Value with Momentum ETF by 0.6% during the 2nd quarter. Cooper Financial Group now owns 72,107 shares of the company’s stock valued at $5,018,000 after buying an additional 426 shares during the period. Finally, Kellett Wealth Advisors LLC boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 4.5% in the first quarter. Kellett Wealth Advisors LLC now owns 68,120 shares of the company’s stock valued at $4,105,000 after acquiring an additional 2,932 shares in the last quarter.

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.