Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 10,879 shares, a decrease of 40.5% from the June 15th total of 18,274 shares. Based on an average trading volume of 11,129 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company’s shares are sold short.
Invesco S&P 500 Downside Hedged ETF Stock Down 0.8%
Shares of PHDG stock traded down $0.31 during trading hours on Friday, hitting $40.76. 2,279 shares of the company’s stock traded hands, compared to its average volume of 10,258. The stock has a market cap of $73.37 million, a PE ratio of 25.93 and a beta of 0.56. The stock’s 50 day simple moving average is $41.59 and its 200 day simple moving average is $39.51. Invesco S&P 500 Downside Hedged ETF has a 12 month low of $34.73 and a 12 month high of $43.41.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PHDG. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the 3rd quarter worth about $26,000. Cresta Advisors Ltd. acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth about $28,000. Sunbelt Securities Inc. raised its position in shares of Invesco S&P 500 Downside Hedged ETF by 231.6% during the third quarter. Sunbelt Securities Inc. now owns 7,869 shares of the company’s stock worth $293,000 after acquiring an additional 5,496 shares during the last quarter. Finally, Wolverine Trading LLC lifted its stake in shares of Invesco S&P 500 Downside Hedged ETF by 67.4% in the third quarter. Wolverine Trading LLC now owns 13,667 shares of the company’s stock worth $511,000 after acquiring an additional 5,502 shares during the period.
About Invesco S&P 500 Downside Hedged ETF
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.
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