Short Interest in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Rises By 94.9%

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 441,669 shares, a growth of 94.9% from the February 12th total of 226,609 shares. Based on an average daily trading volume, of 1,524,055 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,524,055 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

Hedge funds have recently bought and sold shares of the business. Green Ridge Wealth Planning LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth $7,995,000. Union Savings Bank purchased a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at $36,173,000. Redwood Family Wealth LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $556,000. Compass Financial Group Inc. Ohio bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $2,933,000. Finally, SHP Wealth Management purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth about $326,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ traded down $1.39 during mid-day trading on Thursday, reaching $76.14. 1,932,670 shares of the company’s stock traded hands, compared to its average volume of 1,952,570. The stock’s 50-day moving average is $78.32 and its two-hundred day moving average is $75.38. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $81.04. The stock has a market cap of $15.55 billion, a P/E ratio of 25.36 and a beta of 0.92.

About Invesco S&P 500 Quality ETF

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.