Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Grows By 54.3%

by · The Markets Daily

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,394 shares, an increase of 54.3% from the July 30th total of 3,495 shares. Based on an average daily volume of 15,614 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPVM. Larson Financial Group LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at about $37,000. Abound Financial LLC acquired a new position in Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth about $38,000. Kestra Advisory Services LLC acquired a new position in Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth about $75,000. Ameriprise Financial Inc. purchased a new stake in shares of 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 stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at about $210,000.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Shares of SPVM stock remained flat at $76.86 during midday trading on Wednesday. The company’s stock had a trading volume of 3,864 shares, compared to its average volume of 16,951. The stock has a 50-day simple moving average of $76.74 and a 200 day simple moving average of $73.14. Invesco S&P 500 Value with Momentum ETF has a one year low of $63.28 and a one year high of $78.97. The firm has a market capitalization of $129.89 million, a PE ratio of 13.46 and a beta of 0.78.

About Invesco S&P 500 Value with Momentum ETF

(Get Free Report)

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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