Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Stock Short Interest Jumps 82.3%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 141,310 shares, a growth of 82.3% from the August 31st total of 77,531 shares. Based on an average daily volume of 292,376 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Invesco S&P SmallCap Momentum ETF Trading Down 0.2%

NYSEARCA:XSMO traded down $0.18 during trading hours on Thursday, reaching $81.40. The company had a trading volume of 90,668 shares, compared to its average volume of 265,807. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08. The firm’s 50 day moving average price is $85.43 and its 200-day moving average price is $85.21. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68.

Hedge Funds Weigh In On Invesco S&P SmallCap Momentum ETF

Several institutional investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 13.3% during the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock valued at $116,000 after buying an additional 179 shares during the period. Stonebridge Financial Group LLC MO raised its position in Invesco S&P SmallCap Momentum ETF by 1.5% in the first quarter. Stonebridge Financial Group LLC MO now owns 12,148 shares of the company’s stock worth $923,000 after acquiring an additional 182 shares during the period. Paragon Private Wealth Management LLC raised its position in Invesco S&P SmallCap Momentum ETF by 0.7% in the first quarter. Paragon Private Wealth Management LLC now owns 33,102 shares of the company’s stock worth $2,516,000 after acquiring an additional 223 shares during the period. Wealth Alliance LLC boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 8.8% during the 1st quarter. Wealth Alliance LLC now owns 3,678 shares of the company’s stock worth $280,000 after acquiring an additional 298 shares during the last quarter. Finally, ADG Wealth Management Group LLC grew its position in shares of Invesco S&P SmallCap Momentum ETF by 11.8% during the 1st quarter. ADG Wealth Management Group LLC now owns 3,118 shares of the company’s stock valued at $237,000 after acquiring an additional 330 shares during the period.

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.