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

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 41,080 shares, a decline of 60.9% from the February 26th total of 105,109 shares. Based on an average daily trading volume, of 364,601 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco S&P SmallCap Momentum ETF Trading Down 1.1%

Shares of XSMO stock traded down $0.86 during trading on Friday, hitting $75.00. The company’s stock had a trading volume of 240,896 shares, compared to its average volume of 279,410. The company has a market cap of $2.18 billion, a PE ratio of 19.29 and a beta of 1.07. The business has a fifty day moving average of $77.77 and a 200-day moving average of $74.76. Invesco S&P SmallCap Momentum ETF has a 52 week low of $53.89 and a 52 week high of $81.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Beacon Capital Management Inc. bought a new stake in shares of Invesco S&P SmallCap Momentum ETF during the 2nd quarter worth $27,000. High Note Wealth LLC purchased a new position in shares of Invesco S&P SmallCap Momentum ETF in the 4th quarter worth about $33,000. Hazlett Burt & Watson Inc. grew its position in Invesco S&P SmallCap Momentum ETF by 234.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 535 shares of the company’s stock valued at $40,000 after buying an additional 375 shares during the period. Comprehensive Financial Planning Inc. PA bought a new position in Invesco S&P SmallCap Momentum ETF during the third quarter valued at about $49,000. Finally, Allworth Financial LP grew its position in Invesco S&P SmallCap Momentum ETF by 350.3% during the fourth quarter. Allworth Financial LP now owns 680 shares of the company’s stock valued at $49,000 after buying an additional 529 shares during the period.

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.