Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sees Large Decrease in Short Interest

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 58,090 shares, a drop of 17.0% from the December 15th total of 69,973 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 146,567 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 146,567 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco S&P SmallCap Momentum ETF Trading Down 0.1%

NYSEARCA:XSMO opened at $77.38 on Monday. The stock has a 50 day moving average of $73.37 and a two-hundred day moving average of $72.07. Invesco S&P SmallCap Momentum ETF has a 12 month low of $53.89 and a 12 month high of $77.90. The firm has a market cap of $2.24 billion, a P/E ratio of 19.29 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 138.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 46,666 shares of the company’s stock worth $2,928,000 after purchasing an additional 27,061 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter worth about $539,000. Farther Finance Advisors LLC boosted its position in Invesco S&P SmallCap Momentum ETF by 8.4% during the second quarter. Farther Finance Advisors LLC now owns 3,026 shares of the company’s stock worth $206,000 after acquiring an additional 235 shares during the last quarter. Ullmann Wealth Partners Group LLC purchased a new stake in Invesco S&P SmallCap Momentum ETF during the 2nd quarter valued at about $212,000. Finally, Sowell Financial Services LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the 2nd quarter valued at about $595,000.

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.