Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 148,289 shares, a growth of 131.0% from the September 30th total of 64,184 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 262,038 shares, the days-to-cover ratio is presently 0.6 days.
Invesco S&P SmallCap Momentum ETF Price Performance
XSMO traded down $1.55 during mid-day trading on Friday, hitting $80.98. The stock had a trading volume of 173,749 shares, compared to its average volume of 265,421. The stock’s fifty day simple moving average is $82.45 and its 200-day simple moving average is $83.26. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 1-year low of $68.59 and a 1-year high of $93.68.
Hedge Funds Weigh In On Invesco S&P SmallCap Momentum ETF
Several hedge funds have recently made changes to their positions in XSMO. Your Advocates Ltd. LLP bought a new stake in Invesco S&P SmallCap Momentum ETF during the 1st quarter worth about $32,000. Oakworth Capital Inc. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at about $49,000. Mather Group LLC. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the 3rd quarter valued at about $79,000. Assetmark Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 13.3% in the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock valued at $116,000 after acquiring an additional 179 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the third quarter valued at about $125,000.
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.
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