Short Interest in Invesco Large Cap Value ETF (NYSEARCA:PWV) Drops By 49.4%

Invesco Large Cap Value ETF (NYSEARCA:PWV) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 27,934 shares, a decline of 49.4% from the July 30th total of 55,152 shares. Based on an average daily volume of 197,926 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Invesco Large Cap Value ETF Price Performance

Shares of PWV opened at $81.69 on Friday. Invesco Large Cap Value ETF has a 12 month low of $63.52 and a 12 month high of $83.11. The stock has a fifty day moving average price of $79.42 and a 200 day moving average price of $74.47. The company has a market cap of $1.75 billion, a P/E ratio of 16.47 and a beta of 0.71.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Several institutional investors have recently modified their holdings of the company. Alpha Cubed Investments LLC boosted its stake in Invesco Large Cap Value ETF by 3.1% during the 4th quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock valued at $344,000 after purchasing an additional 156 shares during the period. Harmony Asset Management LLC boosted its position in shares of Invesco Large Cap Value ETF by 2.4% during the first quarter. Harmony Asset Management LLC now owns 8,418 shares of the company’s stock worth $587,000 after buying an additional 199 shares during the period. Horizon Family Wealth Inc. boosted its position in shares of Invesco Large Cap Value ETF by 0.4% during the fourth quarter. Horizon Family Wealth Inc. now owns 52,109 shares of the company’s stock worth $3,466,000 after buying an additional 213 shares during the period. Stonebridge Wealth Management LLC grew its holdings in Invesco Large Cap Value ETF by 4.0% in the 1st quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock worth $513,000 after buying an additional 286 shares in the last quarter. Finally, Western Wealth Management LLC increased its position in Invesco Large Cap Value ETF by 1.7% in the 4th quarter. Western Wealth Management LLC now owns 17,683 shares of the company’s stock valued at $1,176,000 after acquiring an additional 302 shares during the period.

Invesco Large Cap Value ETF Company Profile

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.