Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Sees Large Decline in Short Interest

Invesco S&P SmallCap Quality ETF (BATS:XSHQ) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,760 shares, a decrease of 69.0% from the July 30th total of 28,240 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 23,546 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P SmallCap Quality ETF Trading Down 0.7%

XSHQ opened at $48.28 on Friday. The stock has a fifty day simple moving average of $48.22 and a two-hundred day simple moving average of $45.77. The company has a market cap of $382.86 million, a price-to-earnings ratio of 14.16 and a beta of 1.00. Invesco S&P SmallCap Quality ETF has a 12-month low of $40.02 and a 12-month high of $50.36.

Institutional Trading of Invesco S&P SmallCap Quality ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Westmount Partners LLC purchased a new position in Invesco S&P SmallCap Quality ETF during the 1st quarter valued at about $1,686,000. Fortune Financial Group Inc. purchased a new position in shares of Invesco S&P SmallCap Quality ETF during the fourth quarter valued at approximately $622,000. Larson Financial Group LLC boosted its position in shares of Invesco S&P SmallCap Quality ETF by 2.1% in the 4th quarter. Larson Financial Group LLC now owns 563,884 shares of the company’s stock worth $23,737,000 after purchasing an additional 11,764 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P SmallCap Quality ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 483,883 shares of the company’s stock worth $20,369,000 after purchasing an additional 20,200 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco S&P SmallCap Quality ETF by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 46,272 shares of the company’s stock worth $1,951,000 after buying an additional 3,645 shares during the last quarter.

About Invesco S&P SmallCap Quality ETF

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.