Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Up 84.0% in August

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMOGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 88,612 shares, a growth of 84.0% from the July 30th total of 48,153 shares. Based on an average daily trading volume, of 250,461 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at approximately $29,000. Your Advocates Ltd. LLP bought a new position in Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at $32,000. High Note Wealth LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter valued at $33,000. Allworth Financial LP increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 350.3% in the fourth quarter. Allworth Financial LP now owns 680 shares of the company’s stock worth $49,000 after purchasing an additional 529 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Invesco S&P SmallCap Momentum ETF by 10,957.1% in the third quarter. Blair William & Co. IL now owns 774 shares of the company’s stock worth $57,000 after buying an additional 767 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Price Performance

NYSEARCA:XSMO opened at $83.66 on Tuesday. Invesco S&P SmallCap Momentum ETF has a 1 year low of $68.59 and a 1 year high of $93.68. The stock’s fifty day moving average price is $88.32 and its two-hundred day moving average price is $84.56. The company has a market cap of $2.92 billion, a P/E ratio of 19.29 and a beta of 1.09.

About Invesco S&P SmallCap Momentum ETF

(Get Free Report)

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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