Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Declines By 57.4%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 50,285 shares, a decline of 57.4% from the April 15th total of 117,921 shares. Based on an average daily volume of 261,529 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco S&P SmallCap Momentum ETF Stock Performance

NYSEARCA XSMO traded down $1.94 on Friday, hitting $84.76. 251,336 shares of the stock were exchanged, compared to its average volume of 271,668. The stock has a fifty day moving average price of $80.79 and a two-hundred day moving average price of $77.12. The firm has a market capitalization of $2.66 billion, a P/E ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 52-week low of $64.02 and a 52-week high of $88.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XSMO. Raymond James Financial Inc. boosted its stake in Invesco S&P SmallCap Momentum ETF by 154.4% during the second quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after buying an additional 627,318 shares during the period. Thrivent Financial for Lutherans purchased a new position in Invesco S&P SmallCap Momentum ETF during the fourth quarter worth $17,019,000. Cetera Investment Advisers boosted its stake in Invesco S&P SmallCap Momentum ETF by 37.6% during the fourth quarter. Cetera Investment Advisers now owns 810,567 shares of the company’s stock worth $58,369,000 after buying an additional 221,567 shares during the period. Core Wealth Advisors LLC purchased a new position in Invesco S&P SmallCap Momentum ETF during the fourth quarter worth $15,901,000. Finally, Orion Porfolio Solutions LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 1,298.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 234,273 shares of the company’s stock worth $16,870,000 after buying an additional 217,521 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.