Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Update

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 96,398 shares, a growth of 65.7% from the June 30th total of 58,166 shares. Based on an average daily volume of 253,645 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Invesco S&P SmallCap Momentum ETF Price Performance

Shares of NYSEARCA XSMO traded up $0.09 during midday trading on Friday, hitting $87.05. 147,651 shares of the company’s stock were exchanged, compared to its average volume of 260,613. Invesco S&P SmallCap Momentum ETF has a twelve month low of $66.16 and a twelve month high of $93.68. The stock’s 50 day moving average price is $88.66 and its 200-day moving average price is $83.02. The firm has a market cap of $3.03 billion, a P/E ratio of 19.29 and a beta of 1.08.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

A number of large investors have recently added to or reduced their stakes in XSMO. Accel Wealth Management raised its holdings in Invesco S&P SmallCap Momentum ETF by 7.2% during the 2nd quarter. Accel Wealth Management now owns 22,454 shares of the company’s stock worth $2,102,000 after buying an additional 1,502 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 11.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 77,443 shares of the company’s stock worth $7,251,000 after acquiring an additional 7,667 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 1.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 21,559 shares of the company’s stock worth $2,019,000 after purchasing an additional 363 shares in the last quarter. Noble Wealth Management PBC raised its position in Invesco S&P SmallCap Momentum ETF by 7.9% during the second quarter. Noble Wealth Management PBC now owns 42,652 shares of the company’s stock valued at $3,994,000 after acquiring an additional 3,133 shares in the last quarter. Finally, VectorGlobal IAG Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the first quarter worth about $4,971,000.

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.