Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Stock Short Interest Declines 54.6%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 64,184 shares, a decline of 54.6% from the September 15th total of 141,310 shares. Based on an average trading volume of 299,192 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Total Clarity Wealth Management Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 1st quarter worth $665,000. Nvest Financial LLC acquired a new stake in shares of Invesco S&P SmallCap Momentum ETF in the first quarter valued at $4,099,000. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P SmallCap Momentum ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,785,627 shares of the company’s stock valued at $167,188,000 after buying an additional 69,188 shares during the period. Cetera Investment Advisers boosted its stake in Invesco S&P SmallCap Momentum ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock valued at $66,144,000 after buying an additional 59,526 shares in the last quarter. Finally, Seros Financial LLC boosted its stake in Invesco S&P SmallCap Momentum ETF by 60.3% during the first quarter. Seros Financial LLC now owns 125,274 shares of the company’s stock valued at $9,523,000 after buying an additional 47,101 shares in the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA:XSMO traded down $0.28 on Tuesday, hitting $81.03. The company’s stock had a trading volume of 230,129 shares, compared to its average volume of 266,697. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a 12 month low of $68.59 and a 12 month high of $93.68. The stock’s 50-day moving average is $84.66 and its two-hundred day moving average is $85.60.

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.