Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Shares Shorted: Short Interest Up 82.3% in September

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 141,310 shares, an increase of 82.3% from the August 31st total of 77,531 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 292,376 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Momentum ETF Stock Performance

Invesco S&P SmallCap Momentum ETF stock traded down $0.62 during mid-day trading on Wednesday, reaching $81.89. The company’s stock had a trading volume of 317,782 shares, compared to its average volume of 266,638. The business’s 50 day simple moving average is $85.56 and its 200 day simple moving average is $85.16. Invesco S&P SmallCap Momentum ETF has a 12 month low of $68.59 and a 12 month high of $93.68. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08.

Institutional Investors Weigh In On Invesco S&P SmallCap Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in Invesco S&P SmallCap Momentum ETF during the 1st quarter valued at $29,000. Your Advocates Ltd. LLP bought a new stake in Invesco S&P SmallCap Momentum ETF in the 1st quarter valued at $32,000. Assetmark Inc. boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 13.3% in the first quarter. Assetmark Inc. now owns 1,529 shares of the company’s stock valued at $116,000 after acquiring an additional 179 shares during the period. Comprehensive Financial Planning Inc. PA raised its stake in Invesco S&P SmallCap Momentum ETF by 151.3% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 1,686 shares of the company’s stock worth $121,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Sankala Group LLC bought a new position in shares of Invesco S&P SmallCap Momentum ETF during the fourth quarter worth approximately $212,000.

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.