Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Stock Short Interest Report for October

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,649 shares, a growth of 102.6% from the September 30th total of 2,295 shares. Based on an average daily trading volume, of 6,284 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF

Several large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Invesco S&P 500 Value with Momentum ETF by 451.3% in the second quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $31,000 after buying an additional 343 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $276,000. Nvest Financial LLC acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter worth approximately $310,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF during the second quarter valued at $374,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $377,000.

Invesco S&P 500 Value with Momentum ETF Stock Up 0.2%

SPVM stock traded up $0.15 during trading on Friday, hitting $77.75. The company had a trading volume of 3,856 shares, compared to its average volume of 14,879. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $63.81 and a 1-year high of $78.97. The firm has a 50-day moving average price of $75.79 and a 200-day moving average price of $73.34. The firm has a market cap of $141.50 million, a PE ratio of 13.46 and a beta of 0.78.

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.