Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 8,313 shares, an increase of 52.3% from the January 15th total of 5,460 shares. Based on an average daily trading volume, of 12,315 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 12,315 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of Invesco S&P 500 Value with Momentum ETF
Several institutional investors and hedge funds have recently made changes to their positions in SPVM. Kestra Advisory Services LLC purchased a new position in Invesco S&P 500 Value with Momentum ETF during the 4th quarter valued at about $75,000. LPL Financial LLC raised its stake in Invesco S&P 500 Value with Momentum ETF by 20.1% in the fourth quarter. LPL Financial LLC now owns 139,258 shares of the company’s stock worth $9,440,000 after buying an additional 23,353 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth $37,000. Susquehanna International Group LLP purchased a new stake in Invesco S&P 500 Value with Momentum ETF during the third quarter worth $301,000. Finally, Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 37,162 shares of the company’s stock valued at $2,444,000 after acquiring an additional 552 shares during the period.
Invesco S&P 500 Value with Momentum ETF Trading Up 0.9%
SPVM stock traded up $0.64 during midday trading on Friday, hitting $72.08. The company’s stock had a trading volume of 18,934 shares, compared to its average volume of 27,051. Invesco S&P 500 Value with Momentum ETF has a 12 month low of $49.89 and a 12 month high of $72.50. The company has a market cap of $112.44 million, a PE ratio of 13.46 and a beta of 0.89. The firm’s 50-day moving average is $69.28 and its 200-day moving average is $66.21.
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.
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