Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Short Interest Update

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 10,583 shares, a growth of 64.2% from the December 31st total of 6,444 shares. Based on an average daily trading volume, of 20,847 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,847 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco S&P 500 Enhanced Value ETF

Several hedge funds have recently bought and sold shares of SPVU. Invesco Ltd. increased its stake in Invesco S&P 500 Enhanced Value ETF by 63.3% in the 2nd quarter. Invesco Ltd. now owns 158,980 shares of the company’s stock valued at $8,271,000 after buying an additional 61,618 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Enhanced Value ETF by 18.7% in the second quarter. Bank of America Corp DE now owns 243,506 shares of the company’s stock valued at $12,668,000 after buying an additional 38,352 shares in the last quarter. Arrowroot Family Office LLC purchased a new position in shares of Invesco S&P 500 Enhanced Value ETF during the 2nd quarter valued at approximately $805,000. Armbruster Capital Management Inc. increased its stake in Invesco S&P 500 Enhanced Value ETF by 3.4% during the second quarter. Armbruster Capital Management Inc. now owns 170,203 shares of the company’s stock valued at $8,855,000 after purchasing an additional 5,560 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Invesco S&P 500 Enhanced Value ETF during the second quarter worth about $266,000.

Invesco S&P 500 Enhanced Value ETF Price Performance

Shares of NYSEARCA:SPVU traded up $0.61 during trading on Friday, reaching $58.72. 7,564 shares of the company were exchanged, compared to its average volume of 13,383. The business’s fifty day simple moving average is $57.25 and its 200-day simple moving average is $54.97. The firm has a market capitalization of $127.42 million, a PE ratio of 12.20 and a beta of 0.96. Invesco S&P 500 Enhanced Value ETF has a 12-month low of $45.05 and a 12-month high of $58.83.

About Invesco S&P 500 Enhanced Value ETF

The Invesco S&P 500 Enhanced Value ETF (SPVU) is an exchange-traded fund that is based on the S&P 500 Enhanced Value index. The fund tracks an index of 100 S&P 500 components with the strongest value metrics. SPVU was launched on Oct 9, 2015 and is managed by Invesco.