Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Short Interest Update

by · The Markets Daily

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 971,986 shares, an increase of 107.5% from the May 31st total of 468,493 shares. Based on an average daily volume of 2,496,231 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO traded up $2.34 during trading on Tuesday, reaching $160.87. The company’s stock had a trading volume of 805,390 shares, compared to its average volume of 1,891,864. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. The firm has a 50 day moving average of $145.61 and a 200-day moving average of $128.27.

Hedge Funds Weigh In On Invesco S&P 500 Momentum ETF

Several institutional investors have recently added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $33,000. Blue Trust Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $44,000. MAI Capital Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $50,000. Finally, Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $48,000.

Invesco S&P 500 Momentum ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.

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