Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,406 shares, an increase of 100.3% from the June 15th total of 1,201 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,798 shares, the days-to-cover ratio is presently 0.3 days.
Invesco S&P 500 Value with Momentum ETF Price Performance
SPVM traded up $0.95 on Thursday, reaching $76.67. 72,669 shares of the company traded hands, compared to its average volume of 18,407. The company has a market cap of $119.61 million, a price-to-earnings ratio of 13.46 and a beta of 0.78. The stock’s 50 day moving average price is $73.35 and its 200-day moving average price is $71.26. Invesco S&P 500 Value with Momentum ETF has a 52-week low of $60.42 and a 52-week high of $76.67.
Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth $37,000. Abound Financial LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the fourth quarter valued at $38,000. Kestra Advisory Services LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the fourth quarter valued at $75,000. Ameriprise Financial Inc. purchased a new position in Invesco S&P 500 Value with Momentum ETF in the second quarter valued at about $206,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at about $210,000.
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.
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