Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Sees Large Growth in Short Interest

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,394 shares, an increase of 54.3% from the July 30th total of 3,495 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 15,614 shares, the short-interest ratio is currently 0.3 days.

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

NYSEARCA SPVM traded down $0.24 during trading on Tuesday, reaching $77.04. 340 shares of the company’s stock were exchanged, compared to its average volume of 17,030. Invesco S&P 500 Value with Momentum ETF has a fifty-two week low of $63.28 and a fifty-two week high of $78.97. The company’s fifty day simple moving average is $76.68 and its 200-day simple moving average is $73.10. The firm has a market capitalization of $130.20 million, a PE ratio of 13.46 and a beta of 0.78.

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

Several institutional investors have recently made changes to their positions in SPVM. Nvest Financial LLC acquired a new position in Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $310,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter valued at $374,000. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 500 Value with Momentum ETF by 183.4% during the 1st quarter. NewEdge Advisors LLC now owns 12,944 shares of the company’s stock valued at $892,000 after buying an additional 8,377 shares during the period. Capstone Wealth Management Group LLC grew its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 1.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock valued at $11,000,000 after acquiring an additional 1,872 shares in the last quarter. Finally, Tactive Advisors LLC purchased a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 1st quarter valued at $6,219,000.

Invesco S&P 500 Value with Momentum ETF Company Profile

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.