Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 971,986 shares, an increase of 107.5% from the May 31st total of 468,493 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,496,231 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of Invesco S&P 500 Momentum ETF
A number of large investors have recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $33,000. Blue Trust Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Networth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the first quarter worth about $48,000. Finally, MAI Capital Management bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000.
Invesco S&P 500 Momentum ETF Trading Down 3.9%
NYSEARCA:SPMO opened at $155.32 on Thursday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The firm has a fifty day simple moving average of $146.83 and a 200 day simple moving average of $128.79. The stock has a market capitalization of $21.72 billion, a PE ratio of 29.51 and a beta of 1.09.
Invesco S&P 500 Momentum ETF Company Profile
The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.
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