Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Short Interest Update

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 20,980 shares, a drop of 41.5% from the July 30th total of 35,845 shares. Based on an average daily trading volume, of 31,774 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Invesco S&P SmallCap Value with Momentum ETF Price Performance

Invesco S&P SmallCap Value with Momentum ETF stock traded up $1.13 during trading hours on Wednesday, hitting $69.74. The company had a trading volume of 5,547 shares, compared to its average volume of 38,038. The firm has a 50-day moving average of $70.46 and a 200 day moving average of $66.18. Invesco S&P SmallCap Value with Momentum ETF has a one year low of $52.86 and a one year high of $72.97. The firm has a market cap of $659.04 million, a PE ratio of 9.55 and a beta of 1.00.

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

Several institutional investors have recently bought and sold shares of XSVM. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 271.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,900 shares of the company’s stock worth $20,222,000 after acquiring an additional 258,711 shares during the period. Janney Montgomery Scott LLC raised its stake in Invesco S&P SmallCap Value with Momentum ETF by 173.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 275,638 shares of the company’s stock worth $15,750,000 after acquiring an additional 174,751 shares in the last quarter. Del Sette Capital Management LLC increased its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 397.2% in the 1st quarter. Del Sette Capital Management LLC now owns 51,204 shares of the company’s stock valued at $3,086,000 after acquiring an additional 40,906 shares during the period. Nwam LLC purchased a new position in Invesco S&P SmallCap Value with Momentum ETF in the 2nd quarter valued at $1,814,000. Finally, Royal Bank of Canada boosted its holdings in Invesco S&P SmallCap Value with Momentum ETF by 41.7% during the fourth quarter. Royal Bank of Canada now owns 81,249 shares of the company’s stock worth $4,643,000 after buying an additional 23,898 shares in the last quarter.

Invesco S&P SmallCap Value with Momentum ETF Company Profile

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.