Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Up 237.4% in December

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the target of a large 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. Approximately 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. Approximately 0.7% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPVM. Ameriprise Financial Inc. acquired a new position in shares of Invesco S&P 500 Value with Momentum ETF during the second quarter worth approximately $206,000. Private Trust Co. NA lifted its holdings in Invesco S&P 500 Value with Momentum ETF by 92.5% during the 2nd quarter. Private Trust Co. NA now owns 4,620 shares of the company’s stock worth $276,000 after buying an additional 2,220 shares in the last quarter. Susquehanna International Group LLP bought a new position in Invesco S&P 500 Value with Momentum ETF in the 3rd quarter valued at $301,000. Jones Financial Companies Lllp increased its stake in shares of Invesco S&P 500 Value with Momentum ETF by 61.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,344 shares of the company’s stock valued at $350,000 after buying an additional 2,034 shares during the period. Finally, IFG Advisory LLC raised its position in shares of Invesco S&P 500 Value with Momentum ETF by 1.4% during the second quarter. IFG Advisory LLC now owns 13,186 shares of the company’s stock worth $788,000 after acquiring an additional 188 shares during the last quarter.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Invesco S&P 500 Value with Momentum ETF stock traded down $0.09 on Friday, reaching $68.55. The company’s stock had a trading volume of 5,417 shares, compared to its average volume of 6,268. The company has a market cap of $74.72 million, a price-to-earnings ratio of 13.46 and a beta of 0.89. The business’s fifty day moving average price is $66.23 and its 200 day moving average price is $63.76. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $49.89 and a twelve month high of $68.87.

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.