Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 8,668 shares, a decline of 55.5% from the April 30th total of 19,464 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,184 shares, the days-to-cover ratio is presently 0.5 days.
Invesco S&P 500 Value with Momentum ETF Stock Performance
Shares of SPVM traded up $0.04 during trading hours on Monday, hitting $72.85. 9,802 shares of the stock were exchanged, compared to its average volume of 18,173. Invesco S&P 500 Value with Momentum ETF has a 12-month low of $57.40 and a 12-month high of $73.07. The company has a market cap of $120.20 million, a price-to-earnings ratio of 13.46 and a beta of 0.79. The stock’s 50-day moving average price is $70.53 and its two-hundred day moving average price is $69.56.
Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF
Several hedge funds have recently bought and sold shares of SPVM. Capstone Wealth Management Group LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 3rd quarter valued at approximately $10,009,000. Jones Financial Companies Lllp lifted its holdings in shares of Invesco S&P 500 Value with Momentum ETF by 61.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,344 shares of the company’s stock valued at $350,000 after buying an additional 2,034 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at approximately $210,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at approximately $75,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 3rd quarter valued at approximately $301,000.
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.
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