Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Sees Significant Increase in Short Interest

Invesco S&P SmallCap Quality ETF (BATS:XSHQ) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 49,762 shares, an increase of 758.1% from the May 14th total of 5,799 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 68,385 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco S&P SmallCap Quality ETF

Several institutional investors have recently modified their holdings of XSHQ. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P SmallCap Quality ETF in the fourth quarter worth $3,289,000. Royal Bank of Canada grew its stake in shares of Invesco S&P SmallCap Quality ETF by 293.1% in the fourth quarter. Royal Bank of Canada now owns 62,165 shares of the company’s stock worth $2,616,000 after acquiring an additional 46,349 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P SmallCap Quality ETF by 10.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 463,683 shares of the company’s stock worth $19,952,000 after acquiring an additional 44,556 shares in the last quarter. Private Advisory Group LLC grew its stake in shares of Invesco S&P SmallCap Quality ETF by 53.9% in the third quarter. Private Advisory Group LLC now owns 118,990 shares of the company’s stock worth $5,120,000 after acquiring an additional 41,670 shares in the last quarter. Finally, Westmount Partners LLC acquired a new position in shares of Invesco S&P SmallCap Quality ETF in the first quarter worth $1,686,000.

Invesco S&P SmallCap Quality ETF Stock Up 0.8%

BATS:XSHQ opened at $46.10 on Wednesday. The company has a fifty day simple moving average of $44.87 and a two-hundred day simple moving average of $43.82. The company has a market cap of $365.57 million, a price-to-earnings ratio of 14.16 and a beta of 1.00. Invesco S&P SmallCap Quality ETF has a 52 week low of $39.32 and a 52 week high of $46.60.

Invesco S&P SmallCap Quality ETF Company Profile

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.