Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Update

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,201 shares, a drop of 83.3% from the May 31st total of 7,193 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 32,084 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in 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 acquiring an additional 8,377 shares during the period. 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 during the period. Tactive Advisors LLC purchased a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 1st quarter valued at $6,219,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth $210,000. Finally, Abound Financial LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth $38,000.

Invesco S&P 500 Value with Momentum ETF Price Performance

Shares of SPVM traded up $0.54 during midday trading on Friday, hitting $75.12. 10,813 shares of the company traded hands, compared to its average volume of 18,779. The stock has a 50-day moving average of $72.23 and a 200-day moving average of $70.58. Invesco S&P 500 Value with Momentum ETF has a one year low of $59.01 and a one year high of $75.18. The firm has a market cap of $123.95 million, a P/E ratio of 13.46 and a beta of 0.78.

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.