Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Short Interest Down 25.5% in December

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 584,925 shares, a drop of 25.5% from the December 15th total of 785,124 shares. Based on an average daily volume of 1,068,523 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,068,523 shares, the days-to-cover ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after buying an additional 2,151,980 shares during the period. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after acquiring an additional 374,417 shares during the period. Mainstay Capital Management LLC ADV grew its position in Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after acquiring an additional 1,388,287 shares during the last quarter. CWM LLC increased its stake in Invesco S&P 500 Momentum ETF by 6.7% in the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after purchasing an additional 164,530 shares during the period. Finally, Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $317,167,000.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

Invesco S&P 500 Momentum ETF stock traded up $0.28 during mid-day trading on Friday, reaching $120.00. 1,327,499 shares of the company’s stock traded hands, compared to its average volume of 1,931,948. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The stock has a 50 day moving average of $119.34 and a two-hundred day moving average of $118.29. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

Invesco S&P 500 Momentum ETF Company Profile

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.