Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 971,986 shares, an increase of 107.5% from the May 31st total of 468,493 shares. Based on an average trading volume of 2,496,231 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the company’s stock are sold short.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO traded up $2.34 during mid-day trading on Tuesday, reaching $160.87. 805,390 shares of the stock were exchanged, compared to its average volume of 1,891,864. The stock has a market capitalization of $19.61 billion, a PE ratio of 29.51 and a beta of 1.11. The company has a 50 day moving average price of $145.61 and a two-hundred day moving average price of $128.27. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SPMO. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after buying an additional 182,485 shares during the last quarter. CWM LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after buying an additional 369,627 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after buying an additional 374,417 shares during the last quarter. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Momentum ETF by 8.1% in the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after acquiring an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after acquiring an additional 385,146 shares in the last quarter.
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.
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