Short Interest in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Increases By 191.6%

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 18,671 shares, a growth of 191.6% from the May 14th total of 6,403 shares. Based on an average daily trading volume, of 17,756 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

XSVM stock opened at $68.49 on Friday. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $49.63 and a one year high of $68.57. The company’s fifty day moving average price is $65.24 and its 200-day moving average price is $61.78. The company has a market capitalization of $635.59 million, a PE ratio of 9.55 and a beta of 1.00.

Hedge Funds Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Hedge funds have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter worth $32,000. UMB Bank n.a. purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter worth $32,000. NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the third quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after buying an additional 215 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF in the fourth quarter worth $39,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 94.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after buying an additional 478 shares in the last quarter.

About Invesco S&P SmallCap Value with Momentum ETF

PowerShares Fundamental Pure Small Value Portfolio (the Fund), formerly PowerShares Dynamic Small Cap Value Portfolio, is based on the RAFI Fundamental Small Value Index (Index). The Fund focuses to invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of small value the United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 the United States companies. The Fund focuses to invest at least 90% of its total assets in the component securities, which comprise the Underlying Index.