Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Increases By 100.3%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,406 shares, a growth of 100.3% from the June 15th total of 1,201 shares. Based on an average trading volume of 7,798 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco S&P 500 Value with Momentum ETF Price Performance

Shares of NYSEARCA SPVM traded down $0.14 during mid-day trading on Friday, hitting $76.53. 9,859 shares of the stock traded hands, compared to its average volume of 18,343. The company has a market cap of $119.39 million, a PE ratio of 13.46 and a beta of 0.78. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $60.47 and a twelve month high of $77.68. The firm has a 50 day simple moving average of $73.47 and a two-hundred day simple moving average of $71.32.

Institutional Trading of Invesco S&P 500 Value with Momentum ETF

A number of hedge funds have recently made changes to their positions in SPVM. Larson Financial Group LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth about $37,000. Abound Financial LLC bought a new stake in Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth approximately $38,000. Kestra Advisory Services LLC bought a new stake in Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth approximately $75,000. Ameriprise Financial Inc. acquired a new position in Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at approximately $210,000.

About Invesco S&P 500 Value with Momentum ETF

The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.