Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Significant Increase in Short Interest

Invesco Large Cap Value ETF (NYSEARCA:PWV) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 74,189 shares, an increase of 185.8% from the September 30th total of 25,958 shares. Based on an average daily trading volume, of 201,627 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco Large Cap Value ETF Price Performance

PWV stock traded up $0.57 during mid-day trading on Thursday, hitting $80.16. 30,195 shares of the stock were exchanged, compared to its average volume of 96,928. Invesco Large Cap Value ETF has a 12 month low of $63.97 and a 12 month high of $83.41. The business has a fifty day moving average price of $79.83 and a 200 day moving average price of $74.89. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.47 and a beta of 0.72.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of Invesco Large Cap Value ETF during the 2nd quarter valued at approximately $786,000. Lido Advisors LLC bought a new position in shares of Invesco Large Cap Value ETF during the 1st quarter worth approximately $788,000. Bank of America Corp DE grew its stake in shares of Invesco Large Cap Value ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after acquiring an additional 12,575 shares during the last quarter. Rose Capital Advisors LLC purchased a new stake in Invesco Large Cap Value ETF during the 2nd quarter valued at about $4,570,000. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Invesco Large Cap Value ETF during the first quarter valued at $1,010,000.

About Invesco Large Cap Value ETF

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.