Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 35,845 shares, a growth of 185.7% from the July 15th total of 12,547 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 41,054 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in XSVM. NewEdge Advisors LLC lifted its position 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 valued at $32,000 after purchasing an additional 215 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter valued at approximately $32,000. UMB Bank n.a. acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $32,000. Kestra Advisory Services LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $39,000. Finally, Steward Partners Investment Advisory LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after purchasing an additional 478 shares during the period.
Invesco S&P SmallCap Value with Momentum ETF Stock Performance
Invesco S&P SmallCap Value with Momentum ETF stock traded up $0.26 during trading hours on Friday, reaching $71.65. 19,341 shares of the stock were exchanged, compared to its average volume of 38,433. The stock has a market cap of $677.09 million, a P/E ratio of 9.55 and a beta of 1.00. 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 firm’s 50 day moving average is $70.03 and its 200 day moving average is $65.52.
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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