Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Stock Short Interest Falls 75.7%

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 149,565 shares, a decrease of 75.7% from the October 15th total of 614,778 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,258,526 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco S&P 500 Quality ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPHQ. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $649,488,000. Envestnet Asset Management Inc. increased its holdings in Invesco S&P 500 Quality ETF by 236.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after buying an additional 4,733,411 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Quality ETF in the third quarter valued at $269,341,000. Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $92,486,000. Finally, Compass Ion Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth about $65,102,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $85.03 on Thursday. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The stock has a 50 day moving average price of $84.28 and a 200 day moving average price of $82.93. The firm has a market capitalization of $19.02 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.