Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) Short Interest Up 84.0% in August

Invesco S&P SmallCap Momentum ETF (NYSEARCA:XSMO) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 88,612 shares, an increase of 84.0% from the July 30th total of 48,153 shares. Based on an average daily trading volume, of 250,461 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Invesco S&P SmallCap Momentum ETF Stock Performance

Shares of NYSEARCA XSMO traded down $1.54 during mid-day trading on Friday, reaching $84.15. The company had a trading volume of 584,742 shares, compared to its average volume of 263,834. Invesco S&P SmallCap Momentum ETF has a twelve month low of $68.59 and a twelve month high of $93.68. The stock’s 50 day moving average is $88.45 and its 200-day moving average is $84.51. The stock has a market capitalization of $2.94 billion, a PE ratio of 19.29 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XSMO. LPL Financial LLC grew its stake in shares of Invesco S&P SmallCap Momentum ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 2,171,515 shares of the company’s stock valued at $156,371,000 after buying an additional 66,942 shares in the last quarter. Osaic Holdings Inc. raised its position in Invesco S&P SmallCap Momentum ETF by 2.0% during the fourth quarter. Osaic Holdings Inc. now owns 1,730,681 shares of the company’s stock valued at $124,644,000 after acquiring an additional 33,235 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Invesco S&P SmallCap Momentum ETF by 28.4% in the third quarter. Raymond James Financial Inc. now owns 1,327,495 shares of the company’s stock valued at $97,664,000 after acquiring an additional 293,947 shares during the last quarter. Morgan Stanley lifted its stake in Invesco S&P SmallCap Momentum ETF by 23.7% in the fourth quarter. Morgan Stanley now owns 942,702 shares of the company’s stock valued at $67,884,000 after acquiring an additional 180,690 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Invesco S&P SmallCap Momentum ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 870,093 shares of the company’s stock worth $66,144,000 after acquiring an additional 59,526 shares in 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.