Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Sees Significant Increase in Short Interest

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 895,762 shares, a growth of 57.9% from the July 30th total of 567,143 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,889,705 shares, the short-interest ratio is presently 0.5 days.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $146.34 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The company has a market capitalization of $21.43 billion, a P/E ratio of 29.51 and a beta of 1.10. The stock has a fifty day moving average of $149.39 and a 200-day moving average of $137.96.

Institutional Trading of Invesco S&P 500 Momentum ETF

A number of institutional investors have recently bought and sold shares of SPMO. BNP Paribas Financial Markets raised its holdings in Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after acquiring an additional 1,339,497 shares in the last quarter. Invst LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 8.9% during the 4th quarter. Invst LLC now owns 306,818 shares of the company’s stock valued at $36,610,000 after acquiring an additional 25,006 shares during the period. Synergy Investment Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 91.7% during the 4th quarter. Synergy Investment Management LLC now owns 39,483 shares of the company’s stock worth $4,711,000 after purchasing an additional 18,883 shares in the last quarter. Triton Wealth Management PLLC increased its position in shares of Invesco S&P 500 Momentum ETF by 13.5% in the fourth quarter. Triton Wealth Management PLLC now owns 241,617 shares of the company’s stock worth $28,694,000 after purchasing an additional 28,659 shares during the period. Finally, Integrity Investment Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 8.7% in the first quarter. Integrity Investment Advisors LLC now owns 85,321 shares of the company’s stock worth $9,565,000 after purchasing an additional 6,816 shares during the period.

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.