Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Short Interest Down 30.5% in December

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,136,719 shares, a decrease of 30.5% from the December 15th total of 1,636,152 shares. Based on an average trading volume of 562,869 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.8% of the company’s shares are short sold. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 562,869 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Park Edge Advisors LLC boosted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 7.5% during the 4th quarter. Park Edge Advisors LLC now owns 34,318 shares of the company’s stock valued at $1,647,000 after acquiring an additional 2,409 shares during the period. Worth Financial Advisory Group LLC lifted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 11.2% during the fourth quarter. Worth Financial Advisory Group LLC now owns 5,963 shares of the company’s stock worth $286,000 after purchasing an additional 600 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter valued at $152,000. DAVENPORT & Co LLC boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 3.8% during the fourth quarter. DAVENPORT & Co LLC now owns 20,259 shares of the company’s stock valued at $972,000 after purchasing an additional 740 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 69.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 140,194 shares of the company’s stock worth $6,769,000 after purchasing an additional 57,564 shares during the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Down 0.4%

Shares of SPHD stock traded down $0.21 during trading hours on Friday, reaching $49.35. 776,815 shares of the stock were exchanged, compared to its average volume of 909,664. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $43.39 and a 12-month high of $51.60. The company’s 50-day moving average price is $48.20 and its 200-day moving average price is $48.49.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

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.