Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 3,888 shares, a decline of 65.2% from the August 15th total of 11,178 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 5,401 shares, the short-interest ratio is currently 0.7 days.
Invesco S&P 500 Downside Hedged ETF Stock Up 1.0%
NYSEARCA PHDG opened at $41.18 on Friday. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $34.73 and a fifty-two week high of $43.41. The business has a 50 day moving average price of $41.27 and a two-hundred day moving average price of $40.49. The stock has a market cap of $63.83 million, a PE ratio of 25.93 and a beta of 0.56.
Hedge Funds Weigh In On Invesco S&P 500 Downside Hedged ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF during the 3rd quarter valued at $26,000. Mariner LLC increased 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 worth $544,000 after buying an additional 919 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 valued at $583,000 after buying an additional 1,081 shares in the last quarter. Highland Investment Advisors LLC bought a new position in Invesco S&P 500 Downside Hedged ETF during the second quarter valued at about $47,000. Finally, Compass Financial Management LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 2nd quarter worth about $168,000.
Invesco S&P 500 Downside Hedged ETF Company Profile
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.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Downside Hedged ETF
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
- American Eagle Goes on Sale: Is It Time to Buy?
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
Receive News & Ratings for Invesco S&P 500 Downside Hedged ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Downside Hedged ETF and related companies with MarketBeat.com's FREE daily email newsletter.
