Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sees Significant Decrease in Short Interest

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 693,003 shares, a decline of 31.7% from the February 12th total of 1,015,066 shares. Based on an average daily trading volume, of 1,048,318 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,048,318 shares, the days-to-cover ratio is currently 0.7 days.

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

Hedge funds have recently made changes to their positions in the business. Capstone Wealth Management Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $18,900,000. Jane Street Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after purchasing an additional 31,344 shares during the period. Bank of Montreal Can grew its holdings in Invesco S&P 500 Momentum ETF by 93.2% during the 2nd quarter. Bank of Montreal Can now owns 2,865 shares of the company’s stock valued at $322,000 after buying an additional 1,382 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $728,000.

Invesco S&P 500 Momentum ETF Trading Down 0.8%

Invesco S&P 500 Momentum ETF stock traded down $0.99 during mid-day trading on Friday, hitting $116.18. The stock had a trading volume of 2,466,366 shares, compared to its average volume of 1,678,823. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The firm has a market capitalization of $13.19 billion, a P/E ratio of 29.51 and a beta of 0.98. The firm’s 50 day moving average is $119.22 and its 200 day moving average is $119.54.

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.