Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Sees Large Increase in Short Interest

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 87,330 shares, a growth of 50.3% from the December 31st total of 58,090 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 226,625 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 226,625 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Invesco S&P SmallCap Momentum ETF Stock Performance

Invesco S&P SmallCap Momentum ETF stock traded down $0.70 during mid-day trading on Friday, reaching $76.25. The company’s stock had a trading volume of 206,940 shares, compared to its average volume of 260,897. Invesco S&P SmallCap Momentum ETF has a 12-month low of $53.89 and a 12-month high of $79.18. The firm’s fifty day moving average price is $74.64 and its two-hundred day moving average price is $72.62. The company has a market capitalization of $2.22 billion, a P/E ratio of 19.29 and a beta of 1.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XSMO. EPG Wealth Management LLC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 12.8% in the 3rd quarter. EPG Wealth Management LLC now owns 87,751 shares of the company’s stock valued at $6,456,000 after purchasing an additional 9,971 shares in the last quarter. Brown Miller Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Momentum ETF in the third quarter valued at about $1,856,000. Mascagni Wealth Management Inc. lifted its stake in shares of Invesco S&P SmallCap Momentum ETF by 13.4% in the second 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 period. Perennial Investment Advisors LLC boosted 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 worth $1,493,000 after buying an additional 8,518 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Invesco S&P SmallCap Momentum ETF by 10.7% during the third quarter. Arkadios Wealth Advisors now owns 95,291 shares of the company’s stock valued at $7,011,000 after acquiring an additional 9,249 shares during 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.