Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Short Interest Down 25.5% in December

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 584,925 shares, a decrease of 25.5% from the December 15th total of 785,124 shares. Based on an average trading volume of 1,068,523 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,068,523 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P 500 Momentum ETF Trading Up 0.2%

Shares of NYSEARCA SPMO traded up $0.28 during midday trading on Monday, reaching $120.00. The company’s stock had a trading volume of 1,327,499 shares, compared to its average volume of 1,931,948. The stock has a 50 day simple moving average of $119.34 and a 200-day simple moving average of $118.39. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

Institutional Investors Weigh In On Invesco S&P 500 Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $317,167,000. Envestnet Asset Management Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after acquiring an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake in Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after acquiring an additional 1,388,287 shares during the period. CWM LLC raised its stake in Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after acquiring an additional 1,144,827 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 126.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares during 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.