Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Up 25.4% in February

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 14,592 shares, a growth of 25.4% from the February 12th total of 11,636 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 11,811 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 11,811 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 4th quarter worth approximately $37,000. Abound Financial LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth $38,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter worth $75,000. Mercer Global Advisors Inc. ADV acquired a new position in Invesco S&P 500 Value with Momentum ETF during the fourth quarter worth $210,000. Finally, Ameriprise Financial Inc. acquired a new position in Invesco S&P 500 Value with Momentum ETF during the second quarter worth $206,000.

Invesco S&P 500 Value with Momentum ETF Trading Down 0.4%

Shares of SPVM stock traded down $0.25 during trading hours on Friday, hitting $69.00. 6,982 shares of the company were exchanged, compared to its average volume of 20,836. Invesco S&P 500 Value with Momentum ETF has a 52 week low of $49.89 and a 52 week high of $72.51. The business has a 50 day moving average of $70.53 and a two-hundred day moving average of $67.44. The company has a market capitalization of $107.64 million, a PE ratio of 13.46 and a beta of 0.89.

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.