Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Update

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. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 364,601 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P SmallCap Momentum ETF Stock Down 1.8%

Shares of Invesco S&P SmallCap Momentum ETF stock traded down $1.42 during trading on Thursday, reaching $76.28. The company’s stock had a trading volume of 182,564 shares, compared to its average volume of 278,917. Invesco S&P SmallCap Momentum ETF has a 52-week low of $53.89 and a 52-week high of $81.36. The firm’s 50-day moving average is $77.85 and its two-hundred day moving average is $74.74. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07.

Institutional Trading of Invesco S&P SmallCap Momentum ETF

Several institutional investors have recently added to or reduced their stakes in XSMO. LPL Financial LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock worth $156,371,000 after purchasing an additional 66,942 shares during the last quarter. Osaic Holdings Inc. raised its position in Invesco S&P SmallCap Momentum ETF by 8.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,750,582 shares of the company’s stock valued at $119,082,000 after purchasing an additional 135,949 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 2.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,617,479 shares of the company’s stock worth $118,998,000 after buying an additional 37,196 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco S&P SmallCap Momentum ETF by 28.4% in the 3rd quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock worth $97,664,000 after buying an additional 293,947 shares during the period. Finally, Morgan Stanley grew its position in shares of Invesco S&P SmallCap Momentum ETF by 23.7% in the 4th quarter. Morgan Stanley now owns 942,702 shares of the company’s stock worth $67,884,000 after buying an additional 180,690 shares during the last quarter.

About Invesco S&P SmallCap Momentum ETF

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.