Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,295 shares, a drop of 73.9% from the September 15th total of 8,778 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,834 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SPVM. Envestnet Asset Management Inc. acquired a new position in Invesco S&P 500 Value with Momentum ETF during the 2nd quarter valued at $276,000. IFP Advisors Inc grew its position in Invesco S&P 500 Value with Momentum ETF by 451.3% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $31,000 after purchasing an additional 343 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth about $377,000. Nvest Financial LLC acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF during the second quarter valued at about $310,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the second quarter valued at about $374,000.
Invesco S&P 500 Value with Momentum ETF Stock Up 0.4%
NYSEARCA SPVM traded up $0.28 during trading on Tuesday, hitting $74.94. The company’s stock had a trading volume of 1,628 shares, compared to its average volume of 15,337. The firm has a 50 day moving average price of $76.22 and a 200 day moving average price of $74.06. The firm has a market cap of $134.89 million, a P/E ratio of 13.46 and a beta of 0.78. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $63.65 and a 52 week high of $78.97.
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.
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