Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 706,560 shares, a growth of 102.9% from the September 30th total of 348,225 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 1,365,382 shares, the short-interest ratio is currently 0.5 days.
Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 0.7%
Shares of NYSEARCA:SPHD traded up $0.38 during midday trading on Friday, reaching $52.01. The company’s stock had a trading volume of 1,705,466 shares, compared to its average volume of 911,949. The firm has a market capitalization of $3.40 billion, a PE ratio of 15.77 and a beta of 0.61. Invesco S&P 500 High Dividend Low Volatility ETF has a twelve month low of $46.58 and a twelve month high of $54.04. The stock has a fifty day moving average of $50.63 and a 200 day moving average of $50.77.
Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter valued at $28,000. Global Assets Advisory LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the first quarter valued at about $39,000. Robinswood Financial LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the first quarter worth about $47,000. JFS Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the second quarter worth about $76,000. Finally, Latitude Advisors LLC acquired a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $81,000.
Invesco S&P 500 High Dividend Low Volatility ETF Company Profile
The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.
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