Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Drops By 83.3%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,201 shares, a decline of 83.3% from the May 31st total of 7,193 shares. Based on an average daily volume of 32,084 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Value with Momentum ETF by 183.4% during the first quarter. NewEdge Advisors LLC now owns 12,944 shares of the company’s stock worth $892,000 after purchasing an additional 8,377 shares during the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Invesco S&P 500 Value with Momentum ETF by 1.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock valued at $11,000,000 after purchasing an additional 1,872 shares during the last quarter. Tactive Advisors LLC purchased a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 1st quarter valued at about $6,219,000. Mercer Global Advisors Inc. ADV bought a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $210,000. Finally, Abound Financial LLC bought a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $38,000.

Invesco S&P 500 Value with Momentum ETF Price Performance

Shares of SPVM opened at $74.58 on Friday. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $58.76 and a 1-year high of $75.12. The company has a market capitalization of $123.06 million, a P/E ratio of 13.46 and a beta of 0.78. The firm’s 50 day simple moving average is $72.14 and its 200 day simple moving average is $70.55.

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.