Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Short Interest Down 53.3% in April

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 4,864 shares, a decline of 53.3% from the April 15th total of 10,408 shares. Based on an average daily volume of 25,531 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gateway Wealth Partners LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 1st quarter worth about $334,000. Cetera Investment Advisers boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock worth $8,713,000 after acquiring an additional 1,549 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 1st quarter worth about $1,277,000. Independent Financial Group LLC acquired a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the 1st quarter worth about $265,000. Finally, Kellett Wealth Advisors LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 4.5% during the 1st quarter. Kellett Wealth Advisors LLC now owns 68,120 shares of the company’s stock worth $4,105,000 after acquiring an additional 2,932 shares in the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 2.3%

XSVM traded down $1.49 on Friday, hitting $64.21. 26,965 shares of the company were exchanged, compared to its average volume of 43,760. The firm has a 50-day moving average price of $62.40 and a two-hundred day moving average price of $60.13. The company has a market cap of $595.87 million, a price-to-earnings ratio of 9.55 and a beta of 1.01. Invesco S&P SmallCap Value with Momentum ETF has a twelve month low of $48.62 and a twelve month high of $67.12.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.