Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sees Significant Increase in Short Interest

by · The Markets Daily

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 706,560 shares, an increase of 102.9% from the September 30th total of 348,225 shares. Based on an average daily trading volume, of 1,365,382 shares, the short-interest ratio is currently 0.5 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 2.5% in the 1st quarter. Bank of America Corp DE now owns 1,317,728 shares of the company’s stock valued at $65,372,000 after purchasing an additional 32,306 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth $21,067,000. Private Advisor Group LLC grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 12.1% during the first quarter. Private Advisor Group LLC now owns 362,812 shares of the company’s stock worth $17,999,000 after buying an additional 39,223 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.7% during the first quarter. Cetera Investment Advisers now owns 265,749 shares of the company’s stock worth $13,184,000 after buying an additional 7,070 shares in the last quarter. Finally, XML Financial LLC raised its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 5.9% in the third quarter. XML Financial LLC now owns 246,549 shares of the company’s stock valued at $11,879,000 after buying an additional 13,827 shares during the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 0.7%

Shares of Invesco S&P 500 High Dividend Low Volatility ETF stock traded up $0.38 during mid-day trading on Friday, reaching $52.01. 1,705,466 shares of the stock traded hands, compared to its average volume of 911,949. The business has a 50-day moving average of $50.63 and a 200 day moving average of $50.77. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $46.58 and a fifty-two week high of $54.04. The stock has a market capitalization of $3.40 billion, a PE ratio of 15.77 and a beta of 0.61.

About Invesco S&P 500 High Dividend Low Volatility ETF

(Get Free Report)

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.

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