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

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 5,394 shares, a growth of 54.3% from the July 30th total of 3,495 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,614 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPVM. Larson Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at approximately $37,000. Abound Financial LLC purchased a new position in Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth approximately $38,000. Kestra Advisory Services LLC acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the 4th quarter valued at $75,000. Mercer Global Advisors Inc. ADV acquired a new stake in Invesco S&P 500 Value with Momentum ETF during the 4th quarter valued at $210,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the second quarter valued at $206,000.

Invesco S&P 500 Value with Momentum ETF Stock Performance

Shares of NYSEARCA:SPVM traded down $0.24 during midday trading on Tuesday, reaching $77.04. The company had a trading volume of 340 shares, compared to its average volume of 17,030. The company has a fifty day simple moving average of $76.68 and a two-hundred day simple moving average of $73.10. The firm has a market cap of $130.20 million, a price-to-earnings ratio of 13.46 and a beta of 0.78. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $63.28 and a 1-year high of $78.97.

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.