Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Decreases By 55.5%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 8,668 shares, a drop of 55.5% from the April 30th total of 19,464 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 19,184 shares, the short-interest ratio is presently 0.5 days.

Invesco S&P 500 Value with Momentum ETF Stock Up 0.4%

Shares of Invesco S&P 500 Value with Momentum ETF stock traded up $0.30 on Friday, hitting $72.81. The stock had a trading volume of 6,501 shares, compared to its average volume of 18,255. The stock has a market cap of $120.14 million, a price-to-earnings ratio of 13.46 and a beta of 0.79. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $57.40 and a twelve month high of $73.07. The business’s 50 day moving average is $70.44 and its two-hundred day moving average is $69.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPVM. Capstone Wealth Management Group LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the first quarter worth $4,405,000. Raymond James Financial Inc. grew its stake in shares of Invesco S&P 500 Value with Momentum ETF by 14.9% in the second quarter. Raymond James Financial Inc. now owns 23,030 shares of the company’s stock valued at $1,377,000 after acquiring an additional 2,980 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Invesco S&P 500 Value with Momentum ETF during the second quarter worth about $206,000. Bank of America Corp DE increased its position in Invesco S&P 500 Value with Momentum ETF by 2.4% during the second quarter. Bank of America Corp DE now owns 36,610 shares of the company’s stock worth $2,189,000 after acquiring an additional 864 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Invesco S&P 500 Value with Momentum ETF by 61.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,344 shares of the company’s stock worth $350,000 after purchasing an additional 2,034 shares in the last quarter.

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.