Short Interest in Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Declines By 57.4%

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 50,285 shares, a decrease of 57.4% from the April 15th total of 117,921 shares. Based on an average daily volume of 261,529 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

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

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. raised its stake in Invesco S&P SmallCap Momentum ETF by 154.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,033,548 shares of the company’s stock worth $70,302,000 after purchasing an additional 627,318 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Invesco S&P SmallCap Momentum ETF in the 4th quarter valued at about $17,019,000. Cetera Investment Advisers grew its position in shares of Invesco S&P SmallCap Momentum ETF by 37.6% during the 4th quarter. Cetera Investment Advisers now owns 810,567 shares of the company’s stock worth $58,369,000 after purchasing an additional 221,567 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Momentum ETF during the 4th quarter worth approximately $15,901,000. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of Invesco S&P SmallCap Momentum ETF by 1,298.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 234,273 shares of the company’s stock worth $16,870,000 after purchasing an additional 217,521 shares during the period.

Invesco S&P SmallCap Momentum ETF Price Performance

XSMO traded down $1.94 during trading on Friday, hitting $84.76. The stock had a trading volume of 251,336 shares, compared to its average volume of 271,668. The company has a 50 day moving average price of $80.79 and a 200-day moving average price of $77.12. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 19.29 and a beta of 1.11. Invesco S&P SmallCap Momentum ETF has a one year low of $64.02 and a one year high of $88.57.

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.