Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 141,310 shares, an increase of 82.3% from the August 31st total of 77,531 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 292,376 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On Invesco S&P SmallCap Momentum ETF
A number of large investors have recently bought and sold shares of the company. Markowski Investments bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth approximately $18,314,000. BNP Paribas Financial Markets raised its stake in Invesco S&P SmallCap Momentum ETF by 272.8% in the 4th quarter. BNP Paribas Financial Markets now owns 261,000 shares of the company’s stock valued at $18,795,000 after acquiring an additional 190,985 shares during the period. Family Investment Center Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $7,918,000. Kinetic Wealth Investment Advisors LLC bought a new position in Invesco S&P SmallCap Momentum ETF during the second quarter worth $6,577,000. Finally, Envestnet Asset Management Inc. boosted its position in Invesco S&P SmallCap Momentum ETF by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock worth $167,188,000 after purchasing an additional 69,188 shares during the period.
Invesco S&P SmallCap Momentum ETF Trading Down 0.5%
Shares of XSMO stock traded down $0.41 on Tuesday, hitting $82.51. 211,291 shares of the stock were exchanged, compared to its average volume of 266,380. The firm has a market capitalization of $2.89 billion, a P/E ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a fifty-two week low of $68.59 and a fifty-two week high of $93.68. The business has a 50-day moving average of $85.69 and a 200 day moving average of $85.12.
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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