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 recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 7,390 shares, a growth of 237.4% from the November 30th total of 2,190 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 3,938 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 3,938 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.7% of the shares of the stock are short sold.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Shares of Invesco S&P 500 Value with Momentum ETF stock opened at $68.64 on Friday. Invesco S&P 500 Value with Momentum ETF has a 52-week low of $49.89 and a 52-week high of $68.87. The stock has a market capitalization of $74.82 million, a price-to-earnings ratio of 13.46 and a beta of 0.89. The company has a fifty day moving average of $66.15 and a 200-day moving average of $63.69.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPVM. Susquehanna International Group LLP purchased a new stake in Invesco S&P 500 Value with Momentum ETF during the 3rd quarter valued at about $301,000. Bank of America Corp DE lifted its position in Invesco S&P 500 Value with Momentum ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 37,162 shares of the company’s stock valued at $2,444,000 after purchasing an additional 552 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P 500 Value with Momentum ETF by 432.0% during the third quarter. Ameriprise Financial Inc. now owns 18,374 shares of the company’s stock valued at $1,208,000 after purchasing an additional 14,920 shares during the period. Capstone Wealth Management Group LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the third quarter worth approximately $10,009,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 61.5% in the third quarter. Jones Financial Companies Lllp now owns 5,344 shares of the company’s stock worth $350,000 after purchasing an additional 2,034 shares during the last quarter.

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.