Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 48,153 shares, a drop of 50.0% from the July 15th total of 96,398 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 252,639 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Invesco S&P SmallCap Momentum ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 138.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after acquiring an additional 27,061 shares in the last quarter. Focus Partners Wealth purchased a new position in Invesco S&P SmallCap Momentum ETF during the first quarter worth approximately $539,000. Cerity Partners LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the second quarter valued at approximately $818,000. Raymond James Financial Inc. grew its holdings in Invesco S&P SmallCap Momentum ETF by 154.4% in the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock valued at $70,302,000 after purchasing an additional 627,318 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 9,414 shares of the company’s stock valued at $640,000 after buying an additional 665 shares in the last quarter.
Invesco S&P SmallCap Momentum ETF Stock Down 2.4%
Shares of NYSEARCA:XSMO traded down $2.18 during trading on Tuesday, hitting $87.82. 270,116 shares of the stock traded hands, compared to its average volume of 259,824. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 19.29 and a beta of 1.09. The company has a fifty day moving average price of $88.95 and a two-hundred day moving average price of $84.03. Invesco S&P SmallCap Momentum ETF has a 52-week low of $68.59 and a 52-week high of $93.68.
Invesco S&P SmallCap Momentum ETF Company Profile
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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