Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Update

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 96,398 shares, an increase of 65.7% from the June 30th total of 58,166 shares. Based on an average daily volume of 253,645 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Accel Wealth Management grew its holdings in Invesco S&P SmallCap Momentum ETF by 7.2% during the second quarter. Accel Wealth Management now owns 22,454 shares of the company’s stock worth $2,102,000 after acquiring an additional 1,502 shares during the period. Redhawk Wealth Advisors Inc. boosted its position in shares of Invesco S&P SmallCap Momentum ETF by 11.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 77,443 shares of the company’s stock valued at $7,251,000 after purchasing an additional 7,667 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 1.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 21,559 shares of the company’s stock worth $2,019,000 after purchasing an additional 363 shares during the last quarter. Noble Wealth Management PBC raised its holdings in shares of Invesco S&P SmallCap Momentum ETF by 7.9% in the 2nd quarter. Noble Wealth Management PBC now owns 42,652 shares of the company’s stock worth $3,994,000 after purchasing an additional 3,133 shares in the last quarter. Finally, VectorGlobal IAG Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF in the 1st quarter worth approximately $4,971,000.

Invesco S&P SmallCap Momentum ETF Stock Down 0.2%

XSMO traded down $0.20 during trading on Friday, reaching $86.76. The stock had a trading volume of 169,022 shares, compared to its average volume of 260,841. The stock has a 50 day moving average of $88.67 and a two-hundred day moving average of $83.05. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.29 and a beta of 1.08. Invesco S&P SmallCap Momentum ETF has a 1-year low of $66.16 and a 1-year high of $93.68.

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.