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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 69,973 shares, a growth of 70.4% from the November 30th total of 41,074 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 206,351 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 206,351 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management Inc. bought a new position in Invesco S&P SmallCap Momentum ETF in the 2nd quarter worth $27,000. Harbor Asset Planning Inc. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter worth about $40,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in Invesco S&P SmallCap Momentum ETF during the second quarter worth $41,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Invesco S&P SmallCap Momentum ETF during the first quarter worth $47,000.

Invesco S&P SmallCap Momentum ETF Stock Down 0.7%

Shares of NYSEARCA:XSMO traded down $0.55 on Monday, reaching $74.08. The company had a trading volume of 79,047 shares, compared to its average volume of 256,477. The stock has a market capitalization of $2.07 billion, a P/E ratio of 19.29 and a beta of 1.07. The stock has a 50-day moving average price of $72.82 and a 200 day moving average price of $71.28. Invesco S&P SmallCap Momentum ETF has a twelve month low of $53.89 and a twelve month high of $75.93.

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.