Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Short Interest Down 62.0% in May

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,286 shares, a decline of 62.0% from the April 30th total of 3,381 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,507 shares, the days-to-cover ratio is presently 0.5 days.

Invesco S&P 500 High Dividend Growers ETF Price Performance

Invesco S&P 500 High Dividend Growers ETF stock opened at $35.67 on Friday. The stock has a market capitalization of $10.34 million, a PE ratio of 15.30 and a beta of 0.50. Invesco S&P 500 High Dividend Growers ETF has a 12 month low of $30.19 and a 12 month high of $36.06. The business has a 50 day simple moving average of $35.16 and a 200-day simple moving average of $34.16.

Institutional Trading of Invesco S&P 500 High Dividend Growers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Horizon Family Wealth Inc. boosted its stake in shares of Invesco S&P 500 High Dividend Growers ETF by 0.5% in the third quarter. Horizon Family Wealth Inc. now owns 102,867 shares of the company’s stock worth $3,367,000 after acquiring an additional 487 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the first quarter worth approximately $61,000. Virtu Financial LLC boosted its stake in shares of Invesco S&P 500 High Dividend Growers ETF by 36.4% in the fourth quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock worth $294,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the fourth quarter worth approximately $831,000.

About Invesco S&P 500 High Dividend Growers ETF

The Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that is based on the S&P 500 High Dividend Growth index. The fund tracks a yield-weighted index of 100 companies in the S&P 500 with the highest forecasted dividend yield growth. DIVG was launched on Dec 6, 2023 and is issued by Invesco.