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

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,575 shares, a drop of 34.4% from the February 26th total of 14,592 shares. Based on an average daily trading volume, of 10,393 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Value with Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Capstone Wealth Management Group LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the 3rd quarter valued at approximately $10,009,000. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Value with Momentum ETF by 20.1% in the fourth quarter. LPL Financial LLC now owns 139,258 shares of the company’s stock worth $9,440,000 after acquiring an additional 23,353 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 1.5% during the third quarter. Bank of America Corp DE now owns 37,162 shares of the company’s stock worth $2,444,000 after purchasing an additional 552 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 14.9% during the second quarter. Raymond James Financial Inc. now owns 23,030 shares of the company’s stock worth $1,377,000 after purchasing an additional 2,980 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Value with Momentum ETF by 432.0% during the third quarter. Ameriprise Financial Inc. now owns 18,374 shares of the company’s stock valued at $1,208,000 after purchasing an additional 14,920 shares during the period.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Shares of NYSEARCA SPVM opened at $67.88 on Friday. Invesco S&P 500 Value with Momentum ETF has a fifty-two week low of $49.89 and a fifty-two week high of $72.51. The company has a market cap of $105.89 million, a PE ratio of 13.46 and a beta of 0.89. The business has a 50-day simple moving average of $70.40 and a two-hundred day simple moving average of $67.71.

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.