Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Decreases By 83.3%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,201 shares, a decline of 83.3% from the May 31st total of 7,193 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 32,084 shares, the days-to-cover ratio is presently 0.0 days.

Invesco S&P 500 Value with Momentum ETF Trading Up 0.7%

Shares of NYSEARCA:SPVM traded up $0.54 during mid-day trading on Friday, reaching $75.12. The stock had a trading volume of 10,813 shares, compared to its average volume of 18,779. The firm has a 50 day simple moving average of $72.23 and a two-hundred day simple moving average of $70.58. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $59.01 and a twelve month high of $75.18. The firm has a market cap of $123.95 million, a PE ratio of 13.46 and a beta of 0.78.

Institutional Investors Weigh In On Invesco S&P 500 Value with Momentum ETF

Several hedge funds have recently bought and sold shares of SPVM. Capstone Wealth Management Group LLC acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF in the 1st quarter valued at $4,405,000. Raymond James Financial Inc. increased its position in shares of 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 valued at $1,377,000 after buying an additional 2,980 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth $206,000. Bank of America Corp DE raised its stake in Invesco S&P 500 Value with Momentum ETF by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 36,610 shares of the company’s stock worth $2,189,000 after buying an additional 864 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Invesco S&P 500 Value with Momentum ETF during the third quarter worth about $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.