Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Shares Shorted: Short Interest Up 102.6% in October

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 4,649 shares, a growth of 102.6% from the September 30th total of 2,295 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,284 shares, the days-to-cover ratio is currently 0.7 days.

Invesco S&P 500 Value with Momentum ETF Stock Up 0.2%

Shares of NYSEARCA SPVM traded up $0.15 during trading hours on Friday, reaching $77.75. 3,856 shares of the stock traded hands, compared to its average volume of 14,879. The company has a market capitalization of $141.50 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 $63.81 and a 52-week high of $78.97. The company’s 50-day simple moving average is $75.79 and its two-hundred day simple moving average is $73.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPVM. IFP Advisors Inc raised its stake in shares of Invesco S&P 500 Value with Momentum ETF by 451.3% during the second quarter. IFP Advisors Inc now owns 419 shares of the company’s stock worth $31,000 after acquiring an additional 343 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at $276,000. Nvest Financial LLC purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at $310,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at $374,000. Finally, Citadel Advisors LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter valued at $377,000.

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.