Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Down 83.3% in June

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,201 shares, a decrease of 83.3% from the May 31st total of 7,193 shares. Based on an average daily volume of 32,084 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Invesco S&P 500 Value with Momentum ETF Stock Performance

SPVM stock opened at $74.58 on Friday. The firm has a market cap of $123.06 million, a P/E ratio of 13.46 and a beta of 0.78. The firm’s fifty day moving average is $72.14 and its 200 day moving average is $70.55. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $58.76 and a 52 week high of $75.12.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPVM. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P 500 Value with Momentum ETF by 183.4% in the 1st quarter. NewEdge Advisors LLC now owns 12,944 shares of the company’s stock valued at $892,000 after acquiring an additional 8,377 shares during the last quarter. Capstone Wealth Management Group LLC grew its position in Invesco S&P 500 Value with Momentum ETF by 1.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock worth $11,000,000 after acquiring an additional 1,872 shares during the last quarter. Tactive Advisors LLC bought a new position in Invesco S&P 500 Value with Momentum ETF during the 1st quarter worth approximately $6,219,000. Mercer Global Advisors Inc. ADV purchased a new position in Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $210,000. Finally, Abound Financial LLC purchased a new position in Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $38,000.

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.