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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 64,184 shares, a decrease of 54.6% from the September 15th total of 141,310 shares. Based on an average trading volume of 299,192 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XSMO. GHP Investment Advisors Inc. acquired a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at approximately $29,000. Your Advocates Ltd. LLP acquired a new stake in Invesco S&P SmallCap Momentum ETF during the first quarter worth approximately $32,000. Mather Group LLC. acquired a new stake in Invesco S&P SmallCap Momentum ETF during the third quarter worth approximately $79,000. Assetmark Inc. increased its stake in Invesco S&P SmallCap Momentum ETF by 13.3% during the 1st quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock worth $116,000 after acquiring an additional 179 shares during the period. Finally, Sankala Group LLC acquired a new position in Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at $212,000.

Invesco S&P SmallCap Momentum ETF Price Performance

XSMO traded up $0.30 during trading on Thursday, reaching $79.88. The company had a trading volume of 279,995 shares, compared to its average volume of 266,596. The company has a market cap of $2.80 billion, a P/E ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 12 month low of $68.59 and a 12 month high of $93.68. The business’s fifty day moving average price is $84.12 and its 200 day moving average price is $85.68.

Invesco S&P SmallCap Momentum ETF Company Profile

(Get Free Report)

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.

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