Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Sees Large Decline in Short Interest

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 5,325 shares, a decrease of 27.9% from the December 15th total of 7,390 shares. Based on an average trading volume of 6,413 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 6,413 shares, the short-interest ratio is presently 0.8 days.

Invesco S&P 500 Value with Momentum ETF Price Performance

Invesco S&P 500 Value with Momentum ETF stock traded down $0.18 during midday trading on Friday, hitting $69.38. The company’s stock had a trading volume of 8,932 shares, compared to its average volume of 22,757. The company has a market cap of $103.38 million, a price-to-earnings ratio of 13.46 and a beta of 0.89. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $49.89 and a 1-year high of $69.68. The company has a 50-day moving average price of $67.44 and a two-hundred day moving average price of $64.89.

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

Institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the second quarter worth approximately $206,000. Private Trust Co. NA raised its holdings in Invesco S&P 500 Value with Momentum ETF by 92.5% in the 2nd quarter. Private Trust Co. NA now owns 4,620 shares of the company’s stock valued at $276,000 after acquiring an additional 2,220 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 3rd quarter valued at $301,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 61.5% during the 3rd 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 in the last quarter. Finally, IFG Advisory LLC grew its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 13,186 shares of the company’s stock worth $788,000 after purchasing an additional 188 shares in the last quarter.

About Invesco S&P 500 Value with Momentum ETF

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.