Short Interest in Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) Increases By 75.5%

Invesco S&P SmallCap Value with Momentum ETF (NYSEARCA:XSVM) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 12,547 shares, a growth of 75.5% from the June 30th total of 7,151 shares. Based on an average daily volume of 22,940 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P SmallCap Value with Momentum ETF Stock Performance

XSVM stock traded down $0.20 during mid-day trading on Thursday, reaching $71.45. The company had a trading volume of 39,052 shares, compared to its average volume of 38,918. The company has a market capitalization of $673.06 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. The firm has a fifty day simple moving average of $68.94 and a 200 day simple moving average of $64.63. Invesco S&P SmallCap Value with Momentum ETF has a fifty-two week low of $50.75 and a fifty-two week high of $72.27.

Institutional Trading of Invesco S&P SmallCap Value with Momentum ETF

Hedge funds have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new position in Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth approximately $32,000. UMB Bank n.a. acquired a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF in the 4th quarter valued at $32,000. NewEdge Advisors LLC lifted its position in shares of Invesco S&P SmallCap Value with Momentum ETF by 59.7% during the 3rd quarter. NewEdge Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Invesco S&P SmallCap Value with Momentum ETF during the 4th quarter worth $39,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Invesco S&P SmallCap Value with Momentum ETF by 94.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $56,000 after purchasing an additional 478 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.