Short Interest in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Rises By 59.4%

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 932,116 shares, an increase of 59.4% from the December 31st total of 584,925 shares. Based on an average daily trading volume, of 1,992,596 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,992,596 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Invesco S&P 500 Momentum ETF

A number of large investors have recently added to or reduced their stakes in SPMO. Cullen Frost Bankers Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth approximately $27,000. Schroder Investment Management Group bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $26,000. Blue Trust Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $31,000. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 132 shares during the last quarter. Finally, Dunhill Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $33,000.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

NYSEARCA:SPMO traded down $0.65 during mid-day trading on Friday, hitting $119.87. 1,641,554 shares of the stock traded hands, compared to its average volume of 1,834,813. The business’s 50-day moving average price is $119.62 and its 200 day moving average price is $118.81. The company has a market cap of $13.63 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56.

Invesco S&P 500 Momentum ETF Company Profile

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.