Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Short Interest Update

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,547 shares, a growth of 75.5% from the June 30th total of 7,151 shares. Based on an average daily trading volume, of 22,940 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

XSVM stock traded down $0.27 during midday trading on Friday, hitting $71.18. The stock had a trading volume of 29,683 shares, compared to its average volume of 38,865. The company’s 50-day moving average price is $69.05 and its 200 day moving average price is $64.71. The firm has a market cap of $670.52 million, a PE ratio of 9.55 and a beta of 1.00. Invesco S&P SmallCap Value with Momentum ETF has a 12-month low of $50.75 and a 12-month high of $72.27.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in XSVM. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 271.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock worth $20,222,000 after acquiring an additional 258,711 shares during the last quarter. 360 Financial Inc. raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the fourth quarter. 360 Financial Inc. now owns 314,110 shares of the company’s stock valued at $17,948,000 after buying an additional 3,308 shares during the period. Janney Montgomery Scott LLC raised its holdings in Invesco S&P SmallCap Value with Momentum ETF by 173.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock valued at $15,750,000 after buying an additional 174,751 shares during the period. Traction Financial Partners LLC lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 1.5% during the fourth quarter. Traction Financial Partners LLC now owns 172,030 shares of the company’s stock valued at $9,830,000 after buying an additional 2,487 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Invesco S&P SmallCap Value with Momentum ETF by 1.1% during the first quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock valued at $8,713,000 after buying an additional 1,549 shares in the last quarter.

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.