Short Interest in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Increases By 191.6%

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 18,671 shares, an increase of 191.6% from the May 14th total of 6,403 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 17,756 shares, the days-to-cover ratio is currently 1.1 days.

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

A number of hedge funds have recently modified their holdings of XSVM. Banco Santander S.A. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the third quarter worth approximately $14,949,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 271.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock worth $20,222,000 after purchasing an additional 258,711 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 173.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock worth $15,750,000 after purchasing an additional 174,751 shares during the period. Del Sette Capital Management LLC boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 397.2% in the first quarter. Del Sette Capital Management LLC now owns 51,204 shares of the company’s stock worth $3,086,000 after purchasing an additional 40,906 shares during the period. Finally, Altman Advisors Inc. boosted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 41.6% in the third quarter. Altman Advisors Inc. now owns 123,864 shares of the company’s stock worth $6,993,000 after purchasing an additional 36,417 shares during the period.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

XSVM opened at $68.49 on Friday. The firm has a market cap of $635.59 million, a P/E ratio of 9.55 and a beta of 1.00. Invesco S&P SmallCap Value with Momentum ETF has a 1-year low of $49.63 and a 1-year high of $68.57. The company has a 50 day simple moving average of $65.24 and a two-hundred day simple moving average of $61.78.

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.