Invesco Large Cap Value ETF (NYSEARCA:PWV) Short Interest Update
by Danessa Lincoln · The Markets DailyInvesco Large Cap Value ETF (NYSEARCA:PWV – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 214,479 shares, a growth of 281.2% from the August 31st total of 56,258 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 187,625 shares, the short-interest ratio is currently 1.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Lido Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the first quarter worth $788,000. Bank of America Corp DE increased its stake in Invesco Large Cap Value ETF by 1.6% in the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock valued at $57,238,000 after buying an additional 12,575 shares during the period. Rose Capital Advisors LLC acquired a new position in Invesco Large Cap Value ETF in the 2nd quarter valued at $4,570,000. IAG Wealth Partners LLC raised its position in Invesco Large Cap Value ETF by 2.2% during the 4th quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock worth $21,542,000 after buying an additional 6,905 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new position in Invesco Large Cap Value ETF during the 1st quarter worth $1,010,000.
Invesco Large Cap Value ETF Stock Up 0.4%
PWV traded up $0.29 on Friday, hitting $78.02. 172,875 shares of the company traded hands, compared to its average volume of 88,911. The company has a 50 day moving average of $80.78 and a 200-day moving average of $75.92. The stock has a market capitalization of $1.82 billion, a PE ratio of 16.47 and a beta of 0.71. Invesco Large Cap Value ETF has a 12-month low of $63.54 and a 12-month high of $83.41.
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.