Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 48,153 shares, a decrease of 50.0% from the July 15th total of 96,398 shares. Based on an average daily trading volume, of 252,639 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
Invesco S&P SmallCap Momentum ETF Stock Up 0.5%
NYSEARCA:XSMO traded up $0.41 on Monday, hitting $90.00. The stock had a trading volume of 216,970 shares, compared to its average volume of 259,891. The business’s fifty day moving average is $88.95 and its 200 day moving average is $84.03. The company has a market cap of $3.15 billion, a PE ratio of 19.29 and a beta of 1.09. Invesco S&P SmallCap Momentum ETF has a 52 week low of $68.59 and a 52 week high of $93.68.
Hedge Funds Weigh In On Invesco S&P SmallCap Momentum ETF
Institutional investors have recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new stake in Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at $665,000. Capital Investment Counsel LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter worth $2,245,000. Fortis Capital Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter worth $719,000. USAdvisors Wealth Management LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 7.6% in the fourth quarter. USAdvisors Wealth Management LLC now owns 104,860 shares of the company’s stock valued at $7,551,000 after purchasing an additional 7,373 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 293.3% in the fourth quarter. HighTower Advisors LLC now owns 223,166 shares of the company’s stock valued at $16,070,000 after purchasing an additional 166,427 shares during the last quarter.
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.
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