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

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 8,313 shares, a growth of 52.3% from the January 15th total of 5,460 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 12,315 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 12,315 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are sold short.

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

A number of large investors have recently bought and sold shares of the business. Capstone Wealth Management Group LLC acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF during the first quarter worth approximately $4,405,000. Private Trust Co. NA raised its position in Invesco S&P 500 Value with Momentum ETF by 92.5% in the 2nd quarter. Private Trust Co. NA now owns 4,620 shares of the company’s stock worth $276,000 after purchasing an additional 2,220 shares during the last quarter. IFG Advisory LLC lifted its holdings in Invesco S&P 500 Value with Momentum ETF by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 13,186 shares of the company’s stock worth $788,000 after buying an additional 188 shares in the last quarter. Beta Wealth Group Inc. boosted its position in Invesco S&P 500 Value with Momentum ETF by 26.1% in the 2nd quarter. Beta Wealth Group Inc. now owns 177,779 shares of the company’s stock valued at $10,628,000 after buying an additional 36,823 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake 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 during the period.

Invesco S&P 500 Value with Momentum ETF Stock Up 0.9%

NYSEARCA:SPVM traded up $0.64 on Monday, reaching $72.08. The stock had a trading volume of 18,934 shares, compared to its average volume of 27,051. The company has a market capitalization of $112.44 million, a P/E ratio of 13.46 and a beta of 0.89. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $49.89 and a 1-year high of $72.50. The stock has a fifty day moving average price of $69.28 and a 200-day moving average price of $66.24.

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.