Short Interest in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Drops By 65.2%

by · The Markets Daily

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,888 shares, a drop of 65.2% from the August 15th total of 11,178 shares. Based on an average daily volume of 5,401 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco S&P 500 Downside Hedged ETF Stock Performance

NYSEARCA:PHDG opened at $41.18 on Friday. The stock’s fifty day moving average price is $41.27 and its two-hundred day moving average price is $40.49. Invesco S&P 500 Downside Hedged ETF has a 52-week low of $34.73 and a 52-week high of $43.41. The company has a market cap of $63.83 million, a price-to-earnings ratio of 25.93 and a beta of 0.56.

Hedge Funds Weigh In On Invesco S&P 500 Downside Hedged ETF

Several large investors have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF in the second quarter worth about $168,000. Highland Investment Advisors LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the second quarter valued at approximately $47,000. January Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the 1st quarter valued at $935,000. First Growth Capital LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth $953,000. Finally, Axxcess Wealth Management LLC bought a new position in Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth about $657,000.

Invesco S&P 500 Downside Hedged ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.

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