Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Sees Large Drop in Short Interest

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 6,444 shares, a drop of 56.0% from the December 15th total of 14,637 shares. Based on an average trading volume of 7,475 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 7,475 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Enhanced Value ETF during the 3rd quarter worth $86,000. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P 500 Enhanced Value ETF during the 2nd quarter worth about $104,000. Sequent Planning LLC acquired a new position in shares of Invesco S&P 500 Enhanced Value ETF during the 3rd quarter worth about $209,000. Cetera Investment Advisers boosted its stake in Invesco S&P 500 Enhanced Value ETF by 24.8% during the 2nd 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. grew its holdings in Invesco S&P 500 Enhanced Value ETF by 54.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,993 shares of the company’s stock valued at $260,000 after buying an additional 1,756 shares during the last quarter.

Invesco S&P 500 Enhanced Value ETF Trading Up 0.3%

Invesco S&P 500 Enhanced Value ETF stock traded up $0.20 during trading hours on Wednesday, reaching $58.10. 6,060 shares of the company were exchanged, compared to its average volume of 7,884. Invesco S&P 500 Enhanced Value ETF has a 12 month low of $45.05 and a 12 month high of $58.83. The stock has a 50-day moving average of $56.45 and a 200 day moving average of $54.51. The firm has a market cap of $117.94 million, a price-to-earnings ratio of 12.20 and a beta of 0.96.

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.