Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Update

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 8,668 shares, a decrease of 55.5% from the April 30th total of 19,464 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 19,184 shares, the days-to-cover ratio is presently 0.5 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC boosted its position in Invesco S&P 500 Value with Momentum ETF by 1.2% during the first quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock worth $11,000,000 after purchasing an additional 1,872 shares during the period. Tactive Advisors LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 1st quarter worth about $6,219,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth about $210,000. Abound Financial LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth about $38,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth about $75,000.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Invesco S&P 500 Value with Momentum ETF stock traded up $0.30 during midday trading on Friday, reaching $72.81. 6,501 shares of the company’s stock were exchanged, compared to its average volume of 18,255. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $57.40 and a 52 week high of $73.07. The firm has a market cap of $120.14 million, a price-to-earnings ratio of 13.46 and a beta of 0.79. The stock’s 50-day simple moving average is $70.44 and its 200 day simple moving average is $69.48.

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.