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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 117,921 shares, an increase of 173.1% from the March 31st total of 43,182 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 263,456 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XSMO. GHP Investment Advisors Inc. purchased a new position in Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $29,000. High Note Wealth LLC purchased a new position in Invesco S&P SmallCap Momentum ETF during the 4th quarter valued at $33,000. Hazlett Burt & Watson Inc. increased its position in Invesco S&P SmallCap Momentum ETF by 234.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 3rd quarter valued at $49,000. Finally, Allworth Financial LP boosted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 350.3% during the 4th quarter. Allworth Financial LP now owns 680 shares of the company’s stock valued at $49,000 after buying an additional 529 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Up 0.5%

XSMO opened at $85.95 on Friday. Invesco S&P SmallCap Momentum ETF has a 1-year low of $60.47 and a 1-year high of $86.40. The company’s fifty day moving average price is $79.06 and its two-hundred day moving average price is $75.89. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 19.29 and a beta of 1.06.

About Invesco S&P SmallCap Momentum ETF

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.