XSHQ Stock Summary and Trading Ideas (Invesco S&P Smallcap Quality ETF | BATS:XSHQ)

The Invesco S&P SmallCap Quality ETF (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Invesco S&P Smallcap Quality ETF trades on the BATS stock market under the symbol XSHQ.

As of May 13, 2024, XSHQ stock price climbed to $40.13 with 15,708 million shares trading.

XSHQ has a beta of 0.93, meaning it tends to be less sensitive to market movements. XSHQ has a correlation of 0.56 to the broad based SPY ETF.

XSHQ has a market cap of $157.31 million. This is considered a Micro Cap stock.

In the last 3 years, XSHQ stock traded as high as $43.50 and as low as $30.10.

XSHQ has underperformed the market in the last year with a price return of +24.4% while the SPY ETF gained +27.8%. XSHQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and +0.3%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

XSHQ support price is $39.66 and resistance is $40.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XSHQ stock will trade within this expected range on the day.