Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 505,520 shares, an increase of 142.2% from the August 31st total of 208,681 shares. Based on an average daily volume of 913,253 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.
Invesco S&P 500 Quality ETF Price Performance
SPHQ stock traded down $0.52 during midday trading on Monday, reaching $84.40. The company had a trading volume of 845,390 shares, compared to its average volume of 1,643,113. The firm has a 50-day moving average price of $85.27 and a 200-day moving average price of $83.52. The company has a market capitalization of $18.69 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its stake in Invesco S&P 500 Quality ETF by 1,180.3% in the second quarter. QRG Capital Management Inc. now owns 57,986 shares of the company’s stock valued at $5,225,000 after acquiring an additional 53,457 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 Quality ETF during the second quarter worth about $8,377,000. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 236.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after purchasing an additional 4,733,411 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of Invesco S&P 500 Quality ETF by 8.5% in the 2nd quarter. Silicon Valley Capital Partners now owns 26,254 shares of the company’s stock worth $2,366,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 37.9% in the 2nd quarter. Capital Analysts LLC now owns 25,112 shares of the company’s stock worth $2,263,000 after purchasing an additional 6,899 shares in 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.
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