Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 148,289 shares, a growth of 131.0% from the September 30th total of 64,184 shares. Based on an average trading volume of 262,038 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short.
Invesco S&P SmallCap Momentum ETF Price Performance
Shares of Invesco S&P SmallCap Momentum ETF stock traded down $1.55 during trading hours on Friday, hitting $80.98. The company’s stock had a trading volume of 173,749 shares, compared to its average volume of 265,421. The stock has a 50 day moving average of $82.36 and a 200 day moving average of $83.29. Invesco S&P SmallCap Momentum ETF has a 12 month low of $68.59 and a 12 month high of $93.68. The company has a market capitalization of $2.82 billion, a PE ratio of 19.29 and a beta of 1.11.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in XSMO. Your Advocates Ltd. LLP acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the 1st quarter worth $32,000. Oakworth Capital Inc. bought a new position in Invesco S&P SmallCap Momentum ETF during the third quarter worth $49,000. Mather Group LLC. acquired a new position in Invesco S&P SmallCap Momentum ETF in the third quarter valued at approximately $79,000. Assetmark Inc. grew its holdings in Invesco S&P SmallCap Momentum ETF by 13.3% in the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock worth $116,000 after purchasing an additional 179 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the third quarter worth approximately $125,000.
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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