Short Interest in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Rises By 191.6%

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 18,671 shares, a growth of 191.6% from the May 14th total of 6,403 shares. Based on an average daily volume of 17,756 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of 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 last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at $32,000. UMB Bank n.a. bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at $32,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter valued at $39,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $56,000 after acquiring an additional 478 shares during the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Stock Up 1.2%

XSVM stock traded up $0.80 during trading on Friday, hitting $69.29. The company had a trading volume of 23,158 shares, compared to its average volume of 40,284. The firm has a 50-day moving average price of $65.41 and a 200-day moving average price of $61.83. Invesco S&P SmallCap Value with Momentum ETF has a 12 month low of $49.63 and a 12 month high of $69.57. The stock has a market cap of $643.01 million, a price-to-earnings ratio of 9.55 and a beta of 1.00.

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.