Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) Short Interest Update

Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 11,636 shares, an increase of 40.0% from the January 29th total of 8,313 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 44,792 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 44,792 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SPVM. Capstone Wealth Management Group LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF in the 3rd quarter valued at $10,009,000. Beta Wealth Group Inc. increased its holdings in Invesco S&P 500 Value with Momentum ETF by 26.1% in the second quarter. Beta Wealth Group Inc. now owns 177,779 shares of the company’s stock valued at $10,628,000 after buying an additional 36,823 shares during the last quarter. LPL Financial LLC raised its stake in Invesco S&P 500 Value with Momentum ETF by 20.1% in 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 in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco S&P 500 Value with Momentum ETF by 432.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 18,374 shares of the company’s stock worth $1,208,000 after buying an additional 14,920 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Invesco S&P 500 Value with Momentum ETF during the 3rd quarter worth about $301,000.

Invesco S&P 500 Value with Momentum ETF Price Performance

Shares of NYSEARCA SPVM opened at $72.11 on Monday. The company has a market cap of $112.49 million, a price-to-earnings ratio of 13.46 and a beta of 0.89. The stock’s 50-day moving average is $70.11 and its two-hundred day moving average is $66.97. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $49.89 and a 1-year high of $72.51.

Invesco S&P 500 Value with Momentum ETF Company Profile

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.