Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Significant Decrease in Short Interest

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 12,883 shares, a decrease of 41.1% from the September 30th total of 21,885 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 33,808 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

XSVM opened at $68.50 on Tuesday. The company has a market cap of $598.69 million, a PE ratio of 9.55 and a beta of 1.02. The stock has a 50-day moving average of $67.53 and a 200-day moving average of $65.97. Invesco S&P SmallCap Value with Momentum ETF has a 52-week low of $52.86 and a 52-week high of $72.97.

Institutional Investors Weigh In On Invesco S&P SmallCap Value with Momentum ETF

A number of large investors have recently added to or reduced their stakes in XSVM. Commonwealth Equity Services LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 3rd quarter worth $5,721,000. Del Sette Capital Management LLC grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 397.2% in the first quarter. Del Sette Capital Management LLC now owns 51,204 shares of the company’s stock valued at $3,086,000 after purchasing an additional 40,906 shares during the last quarter. Nwam LLC acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the second quarter valued at about $1,814,000. Assetmark Inc. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the first quarter worth about $1,277,000. Finally, Premier Path Wealth Partners LLC increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 25.9% in the second quarter. Premier Path Wealth Partners LLC now owns 49,922 shares of the company’s stock worth $3,474,000 after purchasing an additional 10,278 shares during the period.

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.