Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM – Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,864 shares, a drop of 53.3% from the April 15th total of 10,408 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,531 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF
A number of hedge funds have recently modified their holdings of XSVM. Garton & Associates Financial Advisors LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $32,000. UMB Bank n.a. acquired a new stake in Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter worth $32,000. NewEdge Advisors LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter worth $39,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after purchasing an additional 478 shares in the last quarter.
Invesco S&P SmallCap Value with Momentum ETF Price Performance
Shares of NYSEARCA XSVM traded down $1.49 during mid-day trading on Friday, hitting $64.21. The company’s stock had a trading volume of 26,965 shares, compared to its average volume of 43,760. The stock has a market cap of $595.87 million, a price-to-earnings ratio of 9.55 and a beta of 1.01. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $48.62 and a one year high of $67.12. The company’s fifty day simple moving average is $62.40 and its 200-day simple moving average is $60.13.
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.
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