Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Sees Large Growth in Short Interest

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 14,592 shares, a growth of 25.4% from the February 12th total of 11,636 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 11,811 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 11,811 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the company’s shares are short sold.

Invesco S&P 500 Value with Momentum ETF Trading Down 0.4%

Shares of NYSEARCA:SPVM traded down $0.25 during mid-day trading on Friday, reaching $69.00. The stock had a trading volume of 6,982 shares, compared to its average volume of 20,836. The firm has a market cap of $107.64 million, a PE ratio of 13.46 and a beta of 0.89. The firm has a 50 day simple moving average of $70.53 and a two-hundred day simple moving average of $67.44. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $49.89 and a twelve month high of $72.51.

Institutional Trading of Invesco S&P 500 Value with Momentum ETF

A number of large investors have recently made changes to their positions in SPVM. Larson Financial Group LLC bought a new position in Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth about $37,000. Abound Financial LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth about $38,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth about $75,000. Ameriprise Financial Inc. acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the second quarter worth about $206,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth about $210,000.

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.