Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Expands By 84.0%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 88,612 shares, an increase of 84.0% from the July 30th total of 48,153 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 250,461 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of Invesco S&P SmallCap Momentum ETF stock traded down $0.49 on Monday, reaching $83.66. 157,852 shares of the company’s stock were exchanged, compared to its average volume of 263,196. The company has a market capitalization of $2.92 billion, a P/E ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68. The firm’s 50-day moving average is $88.32 and its two-hundred day moving average is $84.56.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XSMO. Total Clarity Wealth Management Inc. purchased a new position in Invesco S&P SmallCap Momentum ETF during the first quarter worth about $665,000. Capital Investment Counsel LLC purchased a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at about $2,245,000. USAdvisors Wealth Management LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 7.6% during the 4th quarter. USAdvisors Wealth Management LLC now owns 104,860 shares of the company’s stock valued at $7,551,000 after acquiring an additional 7,373 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 293.3% during the 4th quarter. HighTower Advisors LLC now owns 223,166 shares of the company’s stock valued at $16,070,000 after acquiring an additional 166,427 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 66.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 145,854 shares of the company’s stock valued at $10,503,000 after acquiring an additional 58,483 shares during the last quarter.

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.