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

by · The Cerbat Gem

Invesco Large Cap Value ETF (NYSEARCA:PWV – Get Free Report) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 20,618 shares, a drop of 20.1% from the January 29th total of 25,816 shares. Based on an average trading volume of 60,431 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 60,431 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Large Cap Value ETF Stock Performance

PWV traded down $0.61 during midday trading on Tuesday, reaching $70.67. 47,498 shares of the company were exchanged, compared to its average volume of 55,841. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 16.47 and a beta of 0.81. Invesco Large Cap Value ETF has a one year low of $50.82 and a one year high of $71.39. The company’s fifty day moving average price is $68.56 and its 200 day moving average price is $66.34.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in Invesco Large Cap Value ETF during the 1st quarter worth $723,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco Large Cap Value ETF by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 194,151 shares of the company’s stock valued at $12,065,000 after purchasing an additional 7,903 shares in the last quarter. Alpha Financial Advisors LLC purchased a new position in Invesco Large Cap Value ETF during the second quarter worth about $212,000. Alpha Cubed Investments LLC grew its position in Invesco Large Cap Value ETF by 18.5% in the 2nd quarter. Alpha Cubed Investments LLC now owns 5,371 shares of the company’s stock worth $334,000 after purchasing an additional 838 shares in the last quarter. Finally, Good Life Advisors LLC increased its stake in Invesco Large Cap Value ETF by 10.5% in the 2nd quarter. Good Life Advisors LLC now owns 85,573 shares of the company’s stock valued at $5,317,000 after buying an additional 8,133 shares during the last quarter.

Invesco Large Cap Value ETF Company Profile

(Get Free Report)

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.

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