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 decline in short interest in December. As of December 31st, there was short interest totaling 6,444 shares, a decline of 56.0% from the December 15th total of 14,637 shares. Based on an average daily volume of 7,475 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 7,475 shares, the days-to-cover ratio is currently 0.9 days.

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

Invesco S&P 500 Enhanced Value ETF stock traded up $0.20 during mid-day trading on Wednesday, hitting $58.10. The company’s stock had a trading volume of 6,060 shares, compared to its average volume of 7,884. The stock has a market capitalization of $117.94 million, a P/E ratio of 12.20 and a beta of 0.96. Invesco S&P 500 Enhanced Value ETF has a twelve month low of $45.05 and a twelve month high of $58.83. The stock’s fifty day moving average price is $56.45 and its two-hundred day moving average price is $54.51.

Institutional Investors Weigh In On Invesco S&P 500 Enhanced Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPVU. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Enhanced Value ETF by 18.7% in the 2nd quarter. Bank of America Corp DE now owns 243,506 shares of the company’s stock valued at $12,668,000 after purchasing an additional 38,352 shares during the period. Armbruster Capital Management Inc. boosted its holdings in shares of Invesco S&P 500 Enhanced Value ETF by 3.4% in the second quarter. Armbruster Capital Management Inc. now owns 170,203 shares of the company’s stock worth $8,855,000 after buying an additional 5,560 shares during the period. Invesco Ltd. increased its position in shares of Invesco S&P 500 Enhanced Value ETF by 3.6% in the third quarter. Invesco Ltd. now owns 164,696 shares of the company’s stock worth $9,035,000 after acquiring an additional 5,716 shares in the last quarter. Delta Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Enhanced Value ETF by 2.0% during the third quarter. Delta Wealth Advisors LLC now owns 95,714 shares of the company’s stock valued at $5,251,000 after acquiring an additional 1,843 shares during the period. Finally, Lmcg Investments LLC raised its holdings in shares of Invesco S&P 500 Enhanced Value ETF by 7.8% during the third quarter. Lmcg Investments LLC now owns 31,386 shares of the company’s stock valued at $1,722,000 after acquiring an additional 2,273 shares during the period.

About Invesco S&P 500 Enhanced Value ETF

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.