Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Shares Shorted: Short Interest Up 102.6% in October

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,649 shares, a growth of 102.6% from the September 30th total of 2,295 shares. Based on an average daily trading volume, of 6,284 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Invesco S&P 500 Value with Momentum ETF Stock Up 0.2%

NYSEARCA:SPVM traded up $0.15 during trading hours on Friday, hitting $77.75. 3,856 shares of the company’s stock traded hands, compared to its average volume of 14,879. The firm has a market cap of $141.50 million, a P/E ratio of 13.46 and a beta of 0.78. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $63.81 and a 52 week high of $78.97. The business’s fifty day simple moving average is $75.79 and its two-hundred day simple moving average is $73.34.

Institutional Trading of Invesco S&P 500 Value with Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its stake in Invesco S&P 500 Value with Momentum ETF by 66.3% in the third quarter. IFP Advisors Inc now owns 697 shares of the company’s stock valued at $51,000 after acquiring an additional 278 shares during the last quarter. Capstone Wealth Management Group LLC raised its position in Invesco S&P 500 Value with Momentum ETF by 1.2% during the first quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock valued at $11,000,000 after purchasing an additional 1,872 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Invesco S&P 500 Value with Momentum ETF during the second quarter worth about $276,000. Nvest Financial LLC bought a new stake in Invesco S&P 500 Value with Momentum ETF during the second quarter worth about $310,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Invesco S&P 500 Value with Momentum ETF during the second quarter worth about $374,000.

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.