Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Sees Large Growth in Short Interest

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 35,845 shares, an increase of 185.7% from the July 15th total of 12,547 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 41,054 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 0.4%

XSVM stock opened at $71.65 on Friday. Invesco S&P SmallCap Value with Momentum ETF has a twelve month low of $52.86 and a twelve month high of $72.97. The stock has a market capitalization of $677.09 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. The firm’s fifty day simple moving average is $70.03 and its two-hundred day simple moving average is $65.52.

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

Several hedge funds have recently added to or reduced their stakes in XSVM. NewEdge Advisors LLC raised its position in Invesco S&P SmallCap Value with Momentum ETF by 59.7% in the 3rd quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $32,000. UMB Bank n.a. bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap Value with Momentum ETF during the fourth quarter valued at approximately $39,000. Finally, Steward Partners Investment Advisory LLC raised 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 during the period.

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.