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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 87,330 shares, a growth of 50.3% from the December 31st total of 58,090 shares. Based on an average trading volume of 226,625 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 226,625 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P SmallCap Momentum ETF by 154.4% during 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. River Wealth Advisors LLC acquired a new position in Invesco S&P SmallCap Momentum ETF in the second quarter valued at about $22,029,000. Bank of America Corp DE grew its position in Invesco S&P SmallCap Momentum ETF by 68.6% during the 3rd quarter. Bank of America Corp DE now owns 443,833 shares of the company’s stock worth $32,653,000 after acquiring an additional 180,532 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Invesco S&P SmallCap Momentum ETF in the second quarter valued at about $11,355,000. Finally, Osaic Holdings Inc. raised its stake in shares of Invesco S&P SmallCap Momentum ETF by 8.4% in the second quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock worth $119,082,000 after acquiring an additional 135,949 shares during the last quarter.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of Invesco S&P SmallCap Momentum ETF stock traded down $0.70 during midday trading on Friday, reaching $76.25. 206,940 shares of the company’s stock traded hands, compared to its average volume of 260,897. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. Invesco S&P SmallCap Momentum ETF has a 52 week low of $53.89 and a 52 week high of $79.18. The company’s 50 day simple moving average is $74.64 and its 200 day simple moving average is $72.59.

Invesco S&P SmallCap Momentum ETF Company Profile

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.