Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM – Get Free Report) saw 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,940 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter worth approximately $32,000. UMB Bank n.a. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $32,000. NewEdge Advisors LLC increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after acquiring an additional 215 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $39,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in 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 $0.25 during midday trading on Friday, reaching $71.20. 31,027 shares of the company traded hands, compared to its average volume of 38,895. The company has a market cap of $670.70 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. The stock has a 50-day moving average price of $69.15 and a 200 day moving average price of $64.76. Invesco S&P SmallCap Value with Momentum ETF has a 52 week low of $50.75 and a 52 week high of $72.27.
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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