Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Update

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 11,636 shares, a growth of 40.0% from the January 29th total of 8,313 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 44,792 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 44,792 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the company’s shares are short sold.

Invesco S&P 500 Value with Momentum ETF Stock Performance

NYSEARCA SPVM traded down $0.69 during trading on Tuesday, hitting $71.55. The stock had a trading volume of 14,210 shares, compared to its average volume of 23,634. Invesco S&P 500 Value with Momentum ETF has a one year low of $49.89 and a one year high of $72.51. The stock has a 50 day simple moving average of $70.25 and a 200 day simple moving average of $67.10. The stock has a market capitalization of $111.62 million, a price-to-earnings ratio of 13.46 and a beta of 0.89.

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

Large investors have recently made changes to their positions in the stock. Capstone Wealth Management Group LLC purchased a new position in shares of Invesco S&P 500 Value with Momentum ETF during the third quarter worth approximately $10,009,000. Beta Wealth Group Inc. grew its stake in Invesco S&P 500 Value with Momentum ETF by 26.1% in the second quarter. Beta Wealth Group Inc. now owns 177,779 shares of the company’s stock worth $10,628,000 after purchasing an additional 36,823 shares in the last quarter. LPL Financial LLC grew its stake in Invesco S&P 500 Value with Momentum ETF by 20.1% in the fourth quarter. LPL Financial LLC now owns 139,258 shares of the company’s stock worth $9,440,000 after purchasing an additional 23,353 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Invesco S&P 500 Value with Momentum ETF by 432.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 18,374 shares of the company’s stock worth $1,208,000 after purchasing an additional 14,920 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Invesco S&P 500 Value with Momentum ETF during the 3rd quarter valued at $301,000.

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.