Short Interest in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Increases By 38.1%

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 622,926 shares, a growth of 38.1% from the March 15th total of 450,973 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 2,156,276 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ traded down $0.20 on Wednesday, hitting $79.41. The company’s stock had a trading volume of 1,082,470 shares, compared to its average volume of 1,923,981. The company has a 50 day moving average price of $77.99 and a 200 day moving average price of $76.08. Invesco S&P 500 Quality ETF has a fifty-two week low of $61.02 and a fifty-two week high of $81.04. The company has a market capitalization of $16.83 billion, a PE ratio of 25.36 and a beta of 0.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPHQ. MTM Investment Management LLC bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $26,000. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $33,000. Ancora Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $35,000. Finally, Dunhill Financial LLC raised its position in Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares during the last quarter.

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.