Short Interest in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Decreases By 55.5%

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) saw a large 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 company’s shares are short sold. Based on an average trading volume of 19,184 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco S&P 500 Value with Momentum ETF

A number of hedge funds have recently bought and sold shares of the company. Capstone Wealth Management Group LLC increased its position in shares of Invesco S&P 500 Value with Momentum ETF by 1.2% during the first quarter. Capstone Wealth Management Group LLC now owns 159,658 shares of the company’s stock valued at $11,000,000 after buying an additional 1,872 shares during the period. LPL Financial LLC increased its position in shares of Invesco S&P 500 Value with Momentum ETF by 20.1% during the fourth quarter. LPL Financial LLC now owns 139,258 shares of the company’s stock valued at $9,440,000 after buying an additional 23,353 shares during the period. Tactive Advisors LLC bought a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the first quarter valued at about $6,219,000. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Value with Momentum ETF by 1.5% during the third quarter. Bank of America Corp DE now owns 37,162 shares of the company’s stock valued at $2,444,000 after buying an additional 552 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Value with Momentum ETF by 14.9% during the second quarter. Raymond James Financial Inc. now owns 23,030 shares of the company’s stock valued at $1,377,000 after buying an additional 2,980 shares during the period.

Invesco S&P 500 Value with Momentum ETF Price Performance

Shares of NYSEARCA:SPVM traded up $0.67 during mid-day trading on Tuesday, hitting $73.52. The company had a trading volume of 27,514 shares, compared to its average volume of 18,263. The company has a market capitalization of $121.31 million, a PE ratio of 13.46 and a beta of 0.79. The firm has a fifty day moving average price of $70.53 and a 200 day moving average price of $69.56. Invesco S&P 500 Value with Momentum ETF has a one year low of $57.40 and a one year high of $73.66.

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.