Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Shares Shorted: Short Interest Down 41.1% in October

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 12,883 shares, a drop of 41.1% from the September 30th total of 21,885 shares. Based on an average daily trading volume, of 33,808 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco S&P SmallCap Value with Momentum ETF Trading Down 0.9%

Shares of XSVM stock traded down $0.61 during trading hours on Friday, reaching $67.26. 17,610 shares of the company’s stock were exchanged, compared to its average volume of 37,482. The stock’s fifty day moving average price is $67.56 and its two-hundred day moving average price is $65.92. The stock has a market cap of $587.85 million, a PE ratio of 9.55 and a beta of 1.02. Invesco S&P SmallCap Value with Momentum ETF has a 1 year low of $52.86 and a 1 year high of $72.97.

Hedge Funds Weigh In On Invesco S&P SmallCap Value with Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of XSVM. Cetera Investment Advisers lifted its holdings in shares of Invesco S&P SmallCap Value with Momentum ETF by 1.1% in the first quarter. Cetera Investment Advisers now owns 144,598 shares of the company’s stock valued at $8,713,000 after buying an additional 1,549 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 119,498 shares of the company’s stock valued at $8,316,000 after purchasing an additional 780 shares during the last quarter. Private Advisor Group LLC increased its position in Invesco S&P SmallCap Value with Momentum ETF by 2.0% during the first quarter. Private Advisor Group LLC now owns 112,004 shares of the company’s stock worth $6,749,000 after acquiring an additional 2,194 shares during the period. Cooper Financial Group increased its stake in Invesco S&P SmallCap Value with Momentum ETF by 0.6% during the second quarter. Cooper Financial Group now owns 72,107 shares of the company’s stock valued at $5,018,000 after acquiring an additional 426 shares during the period. Finally, Kellett Wealth Advisors LLC boosted its stake in Invesco S&P SmallCap Value with Momentum ETF by 4.5% during the first quarter. Kellett Wealth Advisors LLC now owns 68,120 shares of the company’s stock worth $4,105,000 after buying an additional 2,932 shares in the last quarter.

About Invesco S&P SmallCap Value with Momentum ETF

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.