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

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw a large decline in short interest in 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 trading volume, of 197,926 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco Large Cap Value ETF Stock Up 0.2%

Shares of PWV stock opened at $81.69 on Friday. The stock has a 50-day simple moving average of $79.42 and a 200 day simple moving average of $74.47. Invesco Large Cap Value ETF has a fifty-two week low of $63.52 and a fifty-two week high of $83.11. The stock has a market capitalization 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 large investors have recently made changes to their positions in PWV. AQR Capital Management LLC acquired a new stake in Invesco Large Cap Value ETF during the first quarter valued at approximately $723,000. JPMorgan Chase & Co. lifted its position in shares of Invesco Large Cap Value ETF by 49.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock valued at $2,768,000 after acquiring an additional 14,799 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco Large Cap Value ETF by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after acquiring an additional 1,190 shares during the last quarter. Florida Financial Advisors LLC bought a new stake in shares of Invesco Large Cap Value ETF during the 2nd quarter worth $208,000. Finally, Bank of America Corp DE boosted its stake in shares of Invesco Large Cap Value ETF by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after acquiring an additional 134,052 shares in 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.