Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Drops By 27.9%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,325 shares, a decline of 27.9% from the December 15th total of 7,390 shares. Based on an average daily trading volume, of 6,413 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 6,413 shares, the short-interest ratio is presently 0.8 days.

Invesco S&P 500 Value with Momentum ETF Stock Down 0.3%

Shares of SPVM stock traded down $0.18 during mid-day trading on Friday, reaching $69.38. The company’s stock had a trading volume of 8,932 shares, compared to its average volume of 22,757. The firm has a market capitalization of $103.38 million, a PE ratio of 13.46 and a beta of 0.89. The company’s 50 day simple moving average is $67.44 and its 200-day simple moving average is $64.89. Invesco S&P 500 Value with Momentum ETF has a 12-month low of $49.89 and a 12-month high of $69.68.

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

A number of institutional investors have recently made changes to their positions in SPVM. IFG Advisory LLC lifted its stake in Invesco S&P 500 Value with Momentum ETF by 1.4% during the second quarter. IFG Advisory LLC now owns 13,186 shares of the company’s stock worth $788,000 after purchasing an additional 188 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco S&P 500 Value with Momentum ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 37,162 shares of the company’s stock worth $2,444,000 after purchasing an additional 552 shares during the period. Jones Financial Companies Lllp lifted its holdings in Invesco S&P 500 Value with Momentum ETF by 61.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,344 shares of the company’s stock valued at $350,000 after acquiring an additional 2,034 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 92.5% in the second quarter. Private Trust Co. NA now owns 4,620 shares of the company’s stock valued at $276,000 after buying an additional 2,220 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P 500 Value with Momentum ETF by 14.9% in the 2nd quarter. Raymond James Financial Inc. now owns 23,030 shares of the company’s stock worth $1,377,000 after purchasing an additional 2,980 shares in the last quarter.

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.