Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Down 71.9% in January

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 24,576 shares, a drop of 71.9% from the January 15th total of 87,330 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 295,252 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 295,252 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EPG Wealth Management LLC increased its stake in Invesco S&P SmallCap Momentum ETF by 12.8% during the 3rd quarter. EPG Wealth Management LLC now owns 87,751 shares of the company’s stock worth $6,456,000 after buying an additional 9,971 shares during the period. Brown Miller Wealth Management LLC acquired a new position in Invesco S&P SmallCap Momentum ETF during the 3rd quarter worth approximately $1,856,000. Mascagni Wealth Management Inc. increased its position in shares of Invesco S&P SmallCap Momentum ETF by 13.4% in the 2nd quarter. Mascagni Wealth Management Inc. now owns 20,303 shares of the company’s stock valued at $1,381,000 after purchasing an additional 2,394 shares during the last quarter. Perennial Investment Advisors LLC increased its position in shares of Invesco S&P SmallCap Momentum ETF by 63.4% in the 2nd quarter. Perennial Investment Advisors LLC now owns 21,947 shares of the company’s stock valued at $1,493,000 after purchasing an additional 8,518 shares during the last quarter. Finally, Gratus Wealth Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 2.0% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 486,777 shares of the company’s stock valued at $35,812,000 after purchasing an additional 9,442 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Trading Up 0.9%

NYSEARCA XSMO traded up $0.72 during trading hours on Friday, reaching $79.68. The company had a trading volume of 197,165 shares, compared to its average volume of 262,720. The stock has a market capitalization of $2.32 billion, a P/E ratio of 19.29 and a beta of 1.07. The stock has a 50-day moving average of $75.84 and a 200 day moving average of $73.32. Invesco S&P SmallCap Momentum ETF has a 1-year low of $53.89 and a 1-year high of $81.36.

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.