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 increase in short interest in the month of August. As of August 31st, there was short interest totaling 56,258 shares, an increase of 101.4% from the August 15th total of 27,934 shares. Based on an average trading volume of 97,885 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Invesco Large Cap Value ETF Stock Down 0.3%

PWV traded down $0.25 during trading on Monday, hitting $81.74. The company had a trading volume of 275,547 shares, compared to its average volume of 78,116. The company has a market capitalization of $1.75 billion, a PE ratio of 16.47 and a beta of 0.71. Invesco Large Cap Value ETF has a one year low of $63.54 and a one year high of $83.41. The firm’s 50-day moving average price is $80.54 and its 200 day moving average price is $75.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Invesco Large Cap Value ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock valued at $57,238,000 after purchasing an additional 12,575 shares during the last quarter. Lido Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the first quarter worth $788,000. IAG Wealth Partners LLC grew its position in Invesco Large Cap Value ETF by 2.2% in the fourth quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock valued at $21,542,000 after purchasing an additional 6,905 shares in the last quarter. Rose Capital Advisors LLC bought a new position in Invesco Large Cap Value ETF in the second quarter valued at $4,570,000. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in Invesco Large Cap Value ETF in the 1st quarter valued at $1,010,000.

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.