Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Decreases By 60.9%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 41,080 shares, a decrease of 60.9% from the February 26th total of 105,109 shares. Based on an average daily volume of 364,601 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Invesco S&P SmallCap Momentum ETF Stock Down 1.8%

Invesco S&P SmallCap Momentum ETF stock traded down $1.42 during trading hours on Thursday, hitting $76.28. The stock had a trading volume of 182,564 shares, compared to its average volume of 278,917. The stock has a market capitalization of $2.22 billion, a P/E ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a 12-month low of $53.89 and a 12-month high of $81.36. The stock’s 50-day moving average price is $77.85 and its 200-day moving average price is $74.74.

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

Hedge funds have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 3.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the company’s stock valued at $325,000 after purchasing an additional 154 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its position 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 buying an additional 165 shares during the last quarter. Clear Creek Financial Management LLC raised its position in Invesco S&P SmallCap Momentum ETF by 3.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 4,799 shares of the company’s stock worth $353,000 after buying an additional 180 shares during the last quarter. Fifth Third Securities Inc. lifted its stake in Invesco S&P SmallCap Momentum ETF by 1.3% during the 4th quarter. Fifth Third Securities Inc. now owns 14,155 shares of the company’s stock valued at $1,019,000 after acquiring an additional 180 shares during the period. Finally, Mutual Advisors LLC lifted its stake in Invesco S&P SmallCap Momentum ETF by 4.1% during the 4th quarter. Mutual Advisors LLC now owns 5,016 shares of the company’s stock valued at $361,000 after acquiring an additional 197 shares during the period.

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.