Short Interest in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Drops By 42.7%

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 747,652 shares, a decline of 42.7% from the March 15th total of 1,304,355 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 992,427 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the first quarter worth $416,000. Jane Street Group LLC grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 234.3% during the first quarter. Jane Street Group LLC now owns 32,125 shares of the company’s stock valued at $1,614,000 after buying an additional 22,515 shares during the period. Baird Financial Group Inc. grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 15.8% during the second quarter. Baird Financial Group Inc. now owns 46,772 shares of the company’s stock valued at $2,224,000 after buying an additional 6,390 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the second quarter valued at $1,275,000. Finally, NewEdge Advisors LLC grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 1.1% during the second quarter. NewEdge Advisors LLC now owns 115,283 shares of the company’s stock valued at $5,483,000 after buying an additional 1,260 shares during the period.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Down 0.8%

SPHD stock traded down $0.38 during mid-day trading on Monday, hitting $49.23. The company had a trading volume of 389,655 shares, compared to its average volume of 989,731. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.77 and a beta of 0.66. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $45.80 and a 12-month high of $53.07. The company has a 50-day moving average price of $50.79 and a 200 day moving average price of $49.26.

About Invesco S&P 500 High Dividend Low Volatility ETF

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.