Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Large Growth in Short Interest

Invesco Large Cap Value ETF (NYSEARCA:PWV) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 22,999 shares, a growth of 47.6% from the December 15th total of 15,578 shares. Based on an average daily volume of 46,263 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 46,263 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Large Cap Value ETF Price Performance

Shares of Invesco Large Cap Value ETF stock traded down $0.16 during trading on Friday, hitting $67.32. 44,224 shares of the company were exchanged, compared to its average volume of 61,539. The firm has a market capitalization of $1.30 billion, a P/E ratio of 16.47 and a beta of 0.81. The firm’s fifty day moving average price is $66.61 and its 200 day moving average price is $64.76. Invesco Large Cap Value ETF has a 1-year low of $50.82 and a 1-year high of $68.04.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PWV. Fortitude Family Office LLC acquired a new stake in Invesco Large Cap Value ETF during the 4th quarter worth $31,000. Advisory Services Network LLC bought a new stake in shares of Invesco Large Cap Value ETF in the third quarter worth about $34,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the third quarter worth about $36,000. Beacon Capital Management Inc. bought a new position in shares of Invesco Large Cap Value ETF during the 2nd quarter valued at about $64,000. Finally, CX Institutional acquired a new position in shares of Invesco Large Cap Value ETF in the 3rd quarter valued at approximately $95,000.

Invesco Large Cap Value ETF Company Profile

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest at least 80% of its total assets in common stocks of large-capitalization companies.