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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 198,945 shares, a decline of 76.1% from the July 15th total of 833,061 shares. Based on an average daily volume of 1,580,519 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

Several hedge funds have recently added to or reduced their stakes in SPHQ. Invariant Investment Management bought a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $510,000. Sequoia Financial Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after purchasing an additional 537,812 shares during the period. Bank of New York Mellon Corp raised its holdings in Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock valued at $210,251,000 after acquiring an additional 80,335 shares during the period. Farther Finance Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 27.9% in the 4th quarter. Farther Finance Advisors LLC now owns 45,788 shares of the company’s stock worth $3,436,000 after purchasing an additional 9,978 shares in the last quarter. Finally, Security Financial Services INC. purchased a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $8,269,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ traded up $0.95 during mid-day trading on Thursday, hitting $87.45. 1,313,121 shares of the company’s stock were exchanged, compared to its average volume of 1,713,210. The business has a fifty day moving average price of $86.65 and a 200 day moving average price of $82.10. Invesco S&P 500 Quality ETF has a one year low of $71.40 and a one year high of $90.36. The company has a market cap of $20.08 billion, a PE ratio of 25.36 and a beta of 0.91.

Invesco S&P 500 Quality ETF Company Profile

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.