Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,406 shares, a growth of 100.3% from the June 15th total of 1,201 shares. Based on an average daily volume of 7,798 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at approximately $37,000. Abound Financial LLC acquired a new position in Invesco S&P 500 Value with Momentum ETF during the 4th quarter valued at about $38,000. Kestra Advisory Services LLC purchased a new stake in Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at about $75,000. Ameriprise Financial Inc. acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the second quarter worth about $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $210,000.
Invesco S&P 500 Value with Momentum ETF Price Performance
Invesco S&P 500 Value with Momentum ETF stock traded down $0.06 during trading hours on Wednesday, reaching $75.72. The stock had a trading volume of 11,720 shares, compared to its average volume of 17,999. The company has a market cap of $118.12 million, a price-to-earnings ratio of 13.46 and a beta of 0.78. The business’s 50 day moving average price is $73.35 and its 200-day moving average price is $71.26. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $60.13 and a 52 week high of $76.41.
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.
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