Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Grows By 70.4%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 69,973 shares, an increase of 70.4% from the November 30th total of 41,074 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 206,351 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 206,351 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Invesco S&P SmallCap Momentum ETF Trading Down 0.5%

Shares of Invesco S&P SmallCap Momentum ETF stock traded down $0.41 on Tuesday, reaching $73.72. 51,605 shares of the company were exchanged, compared to its average volume of 255,799. The company has a 50-day moving average of $72.83 and a 200 day moving average of $71.34. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a one year low of $53.89 and a one year high of $75.93.

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

Hedge funds have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. raised its stake in Invesco S&P SmallCap Momentum ETF by 35.0% during the third quarter. Cape Investment Advisory Inc. now owns 1,210 shares of the company’s stock worth $89,000 after acquiring an additional 314 shares in the last quarter. IFP Advisors Inc raised its holdings in Invesco S&P SmallCap Momentum ETF by 36.6% during the 3rd quarter. IFP Advisors Inc now owns 9,605 shares of the company’s stock worth $707,000 after purchasing an additional 2,572 shares during the last quarter. Capital Square LLC bought a new stake in Invesco S&P SmallCap Momentum ETF during the third quarter valued at $211,000. Centaurus Financial Inc. grew its stake in Invesco S&P SmallCap Momentum ETF by 3.9% during the third quarter. Centaurus Financial Inc. now owns 8,303 shares of the company’s stock worth $611,000 after purchasing an additional 314 shares during the period. Finally, Aldebaran Financial Inc. increased its stake in shares of Invesco S&P SmallCap Momentum ETF by 17.9% in the 3rd quarter. Aldebaran Financial Inc. now owns 12,595 shares of the company’s stock valued at $927,000 after acquiring an additional 1,910 shares in the last quarter.

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.