Invesco Large Cap Value ETF (NYSEARCA:PWV) Short Interest Up 311.5% in January

Invesco Large Cap Value ETF (NYSEARCA:PWV) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 94,631 shares, an increase of 311.5% from the December 31st total of 22,999 shares. Based on an average trading volume of 63,310 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 63,310 shares, the days-to-cover ratio is currently 1.5 days.

Invesco Large Cap Value ETF Price Performance

Shares of PWV traded down $0.24 during midday trading on Friday, reaching $68.12. 42,121 shares of the stock were exchanged, compared to its average volume of 59,611. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.47 and a beta of 0.81. The business’s 50-day moving average price is $66.93 and its 200 day moving average price is $65.07. Invesco Large Cap Value ETF has a twelve month low of $50.82 and a twelve month high of $68.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new position in Invesco Large Cap Value ETF during the second quarter worth approximately $167,000. Cetera Investment Advisers grew its stake in shares of Invesco Large Cap Value ETF by 103.9% during the 2nd quarter. Cetera Investment Advisers now owns 75,311 shares of the company’s stock valued at $4,680,000 after buying an additional 38,367 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Invesco Large Cap Value ETF by 8.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,291 shares of the company’s stock worth $639,000 after buying an additional 812 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Invesco Large Cap Value ETF by 5.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 508,334 shares of the company’s stock worth $33,148,000 after buying an additional 28,394 shares during the period. Finally, Philip James Wealth Mangement LLC boosted its holdings in Invesco Large Cap Value ETF by 0.7% in the second quarter. Philip James Wealth Mangement LLC now owns 23,827 shares of the company’s stock valued at $1,481,000 after acquiring an additional 165 shares during the last quarter.

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.