Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Stock Short Interest Declines 73.9%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,295 shares, a decline of 73.9% from the September 15th total of 8,778 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 7,834 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Invesco S&P 500 Value with Momentum ETF stock traded up $0.38 during trading hours on Monday, reaching $74.59. 6,392 shares of the stock were exchanged, compared to its average volume of 15,404. Invesco S&P 500 Value with Momentum ETF has a 52-week low of $63.65 and a 52-week high of $78.97. The stock has a market cap of $134.26 million, a P/E ratio of 13.46 and a beta of 0.78. The firm’s 50 day moving average is $76.28 and its 200 day moving average is $74.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPVM. Capstone Wealth Management Group LLC boosted its holdings in Invesco S&P 500 Value with Momentum ETF by 1.2% in 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 in 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 worth approximately $6,219,000. NewEdge Advisors LLC raised its stake in shares of Invesco S&P 500 Value with Momentum ETF by 183.4% during the 1st quarter. NewEdge Advisors LLC now owns 12,944 shares of the company’s stock worth $892,000 after buying an additional 8,377 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $377,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 2nd quarter valued at approximately $374,000.

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.