Short Interest in Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Grows By 60.3%

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,700 shares, an increase of 60.3% from the September 30th total of 7,300 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC bought a new position in Invesco S&P 500 Enhanced Value ETF during the first quarter valued at approximately $40,000. Harbour Investments Inc. raised its position in shares of Invesco S&P 500 Enhanced Value ETF by 1,063.0% in the first quarter. Harbour Investments Inc. now owns 1,605 shares of the company’s stock valued at $83,000 after purchasing an additional 1,467 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 Enhanced Value ETF in the second quarter valued at approximately $104,000. Cetera Investment Advisers raised its position in shares of Invesco S&P 500 Enhanced Value ETF by 24.8% in the second quarter. Cetera Investment Advisers now owns 4,903 shares of the company’s stock valued at $255,000 after purchasing an additional 974 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Invesco S&P 500 Enhanced Value ETF by 54.2% in the second quarter. Osaic Holdings Inc. now owns 4,993 shares of the company’s stock valued at $260,000 after purchasing an additional 1,756 shares during the period.

Invesco S&P 500 Enhanced Value ETF Stock Performance

Shares of SPVU opened at $54.26 on Tuesday. The firm has a market cap of $107.43 million, a PE ratio of 12.20 and a beta of 0.96. The firm’s 50 day moving average price is $54.56 and its 200 day moving average price is $52.33. Invesco S&P 500 Enhanced Value ETF has a twelve month low of $45.05 and a twelve month high of $55.53.

Invesco S&P 500 Enhanced Value ETF Company Profile

The Invesco S&P 500 Enhanced Value ETF (SPVU) is an exchange-traded fund that is based on the S&P 500 Enhanced Value index. The fund tracks an index of 100 S&P 500 components with the strongest value metrics. SPVU was launched on Oct 9, 2015 and is managed by Invesco.