Invesco Large Cap Value ETF (NYSEARCA:PWV) Shares Shorted: Short Interest Up 185.8% in October

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 74,189 shares, a growth of 185.8% from the September 30th total of 25,958 shares. Based on an average daily trading volume, of 201,627 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Invesco Large Cap Value ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after acquiring an additional 12,575 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Invesco Large Cap Value ETF by 141.0% during the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock valued at $26,978,000 after acquiring an additional 226,423 shares during the period. Waverly Advisors LLC increased its stake in shares of Invesco Large Cap Value ETF by 1,259.2% in the 2nd quarter. Waverly Advisors LLC now owns 224,439 shares of the company’s stock valued at $17,006,000 after purchasing an additional 207,927 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco Large Cap Value ETF by 11.6% in the 1st quarter. Kestra Advisory Services LLC now owns 167,056 shares of the company’s stock valued at $11,645,000 after purchasing an additional 17,300 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Invesco Large Cap Value ETF by 26.3% in the 1st quarter. Private Advisor Group LLC now owns 94,973 shares of the company’s stock valued at $6,621,000 after purchasing an additional 19,790 shares in the last quarter.

Invesco Large Cap Value ETF Price Performance

PWV stock opened at $80.84 on Friday. The firm’s fifty day simple moving average is $79.77 and its 200-day simple moving average is $75.02. The company has a market capitalization of $1.89 billion, a P/E ratio of 16.47 and a beta of 0.72. Invesco Large Cap Value ETF has a 12 month low of $63.97 and a 12 month high of $83.41.

About Invesco Large Cap Value ETF

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest at least 80% of its total assets in common stocks of large-capitalization companies.