Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Decreases By 17.0%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 58,090 shares, a drop of 17.0% from the December 15th total of 69,973 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 146,567 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 146,567 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XSMO. Signature Estate & Investment Advisors LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the company’s stock worth $325,000 after acquiring an additional 154 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its stake in Invesco S&P SmallCap Momentum ETF by 18.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,059 shares of the company’s stock worth $78,000 after purchasing an additional 165 shares in the last quarter. Clear Creek Financial Management LLC grew its position in Invesco S&P SmallCap Momentum ETF by 3.9% during the 3rd quarter. Clear Creek Financial Management LLC now owns 4,799 shares of the company’s stock worth $353,000 after purchasing an additional 180 shares during the last quarter. Consolidated Portfolio Review Corp increased its stake in Invesco S&P SmallCap Momentum ETF by 3.0% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 7,281 shares of the company’s stock valued at $495,000 after purchasing an additional 212 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 6.0% in the third quarter. Rehmann Capital Advisory Group now owns 3,749 shares of the company’s stock worth $276,000 after buying an additional 212 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Down 0.1%

Shares of XSMO stock opened at $77.38 on Tuesday. Invesco S&P SmallCap Momentum ETF has a 12-month low of $53.89 and a 12-month high of $77.90. The business’s fifty day simple moving average is $73.47 and its 200-day simple moving average is $72.13. The company has a market cap of $2.24 billion, a PE ratio of 19.29 and a beta of 1.07.

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.