Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Short Interest Update

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 932,116 shares, an increase of 59.4% from the December 31st total of 584,925 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 1,992,596 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,992,596 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are sold short.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

NYSEARCA:SPMO traded down $0.65 on Friday, hitting $119.87. The stock had a trading volume of 1,641,554 shares, compared to its average volume of 1,834,813. The business’s 50-day simple moving average is $119.62 and its two-hundred day simple moving average is $118.81. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

Institutional Trading of Invesco S&P 500 Momentum ETF

Several large investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 468.7% in the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after buying an additional 6,107 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $1,654,000. J.W. Cole Advisors Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 83.1% in the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after acquiring an additional 5,834 shares during the last quarter. Altus Wealth Group LLC grew its position in Invesco S&P 500 Momentum ETF by 4.7% during the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after acquiring an additional 6,229 shares during the period. Finally, Childress Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $5,590,000.

About Invesco S&P 500 Momentum ETF

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.