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

by · The Markets Daily

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 897,900 shares, a growth of 159.8% from the December 31st total of 345,670 shares. Based on an average trading volume of 2,356,868 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 2,356,868 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ traded down $1.08 during mid-day trading on Friday, hitting $77.39. 1,654,187 shares of the stock traded hands, compared to its average volume of 1,929,570. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The stock has a fifty day moving average price of $76.01 and a 200-day moving average price of $73.92. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $78.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Quality ETF in the third quarter worth $245,312,000. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after acquiring an additional 1,469,187 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 56.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock worth $212,016,000 after acquiring an additional 1,039,995 shares during the last quarter. Finally, Compass Ion Advisors LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 1,614.2% during the third quarter. Compass Ion Advisors LLC now owns 718,232 shares of the company’s stock valued at $52,639,000 after acquiring an additional 676,332 shares in the last quarter.

Invesco S&P 500 Quality ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.

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