Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Sees Large Increase in Short Interest

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 11,178 shares, an increase of 54.2% from the July 30th total of 7,251 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,382 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Investors Weigh In On Invesco S&P 500 Downside Hedged ETF

A number of large investors have recently bought and sold shares of the company. Cresta Advisors Ltd. bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the third quarter valued at approximately $26,000. Mariner LLC raised its position in Invesco S&P 500 Downside Hedged ETF by 6.8% during the fourth quarter. Mariner LLC now owns 14,517 shares of the company’s stock valued at $544,000 after purchasing an additional 919 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Downside Hedged ETF by 7.4% during the third quarter. Envestnet Asset Management Inc. now owns 15,657 shares of the company’s stock worth $583,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Downside Hedged ETF during the second quarter worth $47,000.

Invesco S&P 500 Downside Hedged ETF Stock Performance

PHDG remained flat at $41.40 during trading on Tuesday. The company had a trading volume of 2,206 shares, compared to its average volume of 10,632. The stock has a 50 day simple moving average of $41.19 and a 200 day simple moving average of $40.30. Invesco S&P 500 Downside Hedged ETF has a twelve month low of $34.73 and a twelve month high of $43.41. The company has a market capitalization of $64.17 million, a price-to-earnings ratio of 25.93 and a beta of 0.56.

About Invesco S&P 500 Downside Hedged ETF

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.