Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Large Decrease in Short Interest

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 27,934 shares, a decrease of 49.4% from the July 30th total of 55,152 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 197,926 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Large Cap Value ETF Stock Up 0.2%

PWV traded up $0.15 during trading hours on Friday, hitting $81.69. The stock had a trading volume of 83,229 shares, compared to its average volume of 71,346. The company’s fifty day simple moving average is $79.42 and its 200 day simple moving average is $74.50. Invesco Large Cap Value ETF has a 1 year low of $63.52 and a 1 year high of $83.11. The stock has a market cap of $1.75 billion, a PE ratio of 16.47 and a beta of 0.71.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Large investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in Invesco Large Cap Value ETF in the 1st quarter worth approximately $723,000. JPMorgan Chase & Co. raised its holdings in Invesco Large Cap Value ETF by 49.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock valued at $2,768,000 after acquiring an additional 14,799 shares during the period. Raymond James Financial Inc. raised its holdings in Invesco Large Cap Value ETF by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after acquiring an additional 1,190 shares during the period. Florida Financial Advisors LLC purchased a new stake in shares of Invesco Large Cap Value ETF during the second quarter worth $208,000. Finally, Bank of America Corp DE lifted its position in shares of Invesco Large Cap Value ETF by 20.9% during the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after acquiring an additional 134,052 shares in the last quarter.

About Invesco Large Cap Value ETF

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest at least 80% of its total assets in common stocks of large-capitalization companies.