Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 48,153 shares, a decline of 50.0% from the July 15th total of 96,398 shares. Based on an average trading volume of 252,639 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Trading of Invesco S&P SmallCap Momentum ETF
A number of institutional investors and hedge funds have recently bought and sold shares of XSMO. Total Clarity Wealth Management Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF in the first quarter worth $665,000. Capital Investment Counsel LLC bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter worth about $2,245,000. Fortis Capital Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at about $719,000. USAdvisors Wealth Management LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the 4th quarter. USAdvisors Wealth Management LLC now owns 104,860 shares of the company’s stock valued at $7,551,000 after buying an additional 7,373 shares during the period. Finally, HighTower Advisors LLC increased its position in Invesco S&P SmallCap Momentum ETF by 293.3% in the 4th quarter. HighTower Advisors LLC now owns 223,166 shares of the company’s stock valued at $16,070,000 after buying an additional 166,427 shares in the last quarter.
Invesco S&P SmallCap Momentum ETF Stock Up 0.9%
NYSEARCA XSMO traded up $0.84 on Friday, hitting $89.59. The company’s stock had a trading volume of 195,954 shares, compared to its average volume of 260,168. Invesco S&P SmallCap Momentum ETF has a 1-year low of $68.59 and a 1-year high of $93.68. The company’s 50-day moving average is $88.88 and its 200 day moving average is $83.89. The firm has a market cap of $3.13 billion, a PE ratio of 19.29 and a beta of 1.09.
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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