Invesco Large Cap Value ETF (NYSEARCA:PWV) Stock Short Interest Jumps 185.8%

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 74,189 shares, a growth of 185.8% from the September 30th total of 25,958 shares. Based on an average daily volume of 201,627 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Invesco Large Cap Value ETF

Several hedge funds have recently modified their holdings of PWV. Bank of America Corp DE raised its stake in shares of Invesco Large Cap Value ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after purchasing an additional 12,575 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Invesco Large Cap Value ETF by 141.0% in the first quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock valued at $26,978,000 after buying an additional 226,423 shares during the period. Waverly Advisors LLC lifted its position in shares of Invesco Large Cap Value ETF by 1,259.2% during the 2nd quarter. Waverly Advisors LLC now owns 224,439 shares of the company’s stock valued at $17,006,000 after buying an additional 207,927 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Invesco Large Cap Value ETF by 11.6% during the 1st quarter. Kestra Advisory Services LLC now owns 167,056 shares of the company’s stock worth $11,645,000 after acquiring an additional 17,300 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Invesco Large Cap Value ETF by 26.3% during the 1st quarter. Private Advisor Group LLC now owns 94,973 shares of the company’s stock worth $6,621,000 after acquiring an additional 19,790 shares during the period.

Invesco Large Cap Value ETF Trading Up 0.7%

NYSEARCA PWV traded up $0.57 during midday trading on Thursday, hitting $80.16. The company had a trading volume of 30,195 shares, compared to its average volume of 96,928. Invesco Large Cap Value ETF has a twelve month low of $63.97 and a twelve month high of $83.41. The company has a market capitalization of $1.87 billion, a PE ratio of 16.47 and a beta of 0.72. The firm has a 50-day moving average price of $79.83 and a 200-day moving average price of $74.89.

About Invesco Large Cap Value ETF

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest at least 80% of its total assets in common stocks of large-capitalization companies.