Short Interest in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Grows By 34.6%

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,760,351 shares, a growth of 34.6% from the January 15th total of 1,307,414 shares. Based on an average daily volume of 933,435 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.4% of the shares of the stock are sold short. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 933,435 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter valued at approximately $139,000. Arete Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 3.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 73,206 shares of the company’s stock worth $3,514,000 after purchasing an additional 2,175 shares in the last quarter. Winter & Associates Inc. bought a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the fourth quarter worth about $1,710,000. Stifel Financial Corp raised its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 152.4% during the 4th quarter. Stifel Financial Corp now owns 627,025 shares of the company’s stock worth $30,097,000 after acquiring an additional 378,620 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 5.8% during the 4th quarter. Arkadios Wealth Advisors now owns 31,552 shares of the company’s stock valued at $1,514,000 after purchasing an additional 1,717 shares during the period.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Up 1.1%

Shares of NYSEARCA SPHD traded up $0.55 during midday trading on Monday, hitting $52.63. 1,196,298 shares of the company’s stock were exchanged, compared to its average volume of 1,050,280. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $43.39 and a 12-month high of $52.81. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72. The business’s fifty day moving average price is $49.29 and its two-hundred day moving average price is $48.80.

Invesco S&P 500 High Dividend Low Volatility ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.2027 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.6%.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.