Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Decline in Short Interest

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 439,322 shares, a drop of 25.6% from the March 15th total of 590,257 shares. Based on an average daily volume of 442,072 shares, the short-interest ratio is presently 1.0 days. Currently, 8.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $274,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $250,000. VestGen Advisors LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $244,000. BNB Wealth Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $4,107,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 22,789 shares of the company’s stock worth $2,666,000 after acquiring an additional 158 shares during the period.

Invesco S&P 500 High Beta ETF Trading Up 1.0%

Shares of Invesco S&P 500 High Beta ETF stock traded up $1.25 during mid-day trading on Thursday, hitting $129.55. 492,955 shares of the stock were exchanged, compared to its average volume of 380,359. The stock has a market capitalization of $649.05 million, a price-to-earnings ratio of 20.84 and a beta of 1.37. Invesco S&P 500 High Beta ETF has a twelve month low of $69.74 and a twelve month high of $129.74. The company has a 50-day simple moving average of $120.75 and a 200 day simple moving average of $117.69.

About Invesco S&P 500 High Beta ETF

The Invesco S&P 500 High Beta ETF (SPHB) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500. SPHB was launched on May 5, 2011 and is managed by Invesco.