Short Interest in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Declines By 76.1%

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 198,945 shares, a decline of 76.1% from the July 15th total of 833,061 shares. Based on an average daily trading volume, of 1,580,519 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock traded up $0.15 on Friday, hitting $87.60. The stock had a trading volume of 1,539,342 shares, compared to its average volume of 1,712,090. The company’s 50 day moving average price is $86.72 and its 200-day moving average price is $82.21. Invesco S&P 500 Quality ETF has a 1 year low of $71.40 and a 1 year high of $90.36. The firm has a market capitalization of $20.12 billion, a P/E ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares during the period. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after buying an additional 1,469,187 shares during the period. Independence Asset Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $58,114,000. Finally, Sequoia Financial Advisors LLC boosted its position in Invesco S&P 500 Quality ETF by 2,247.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after buying an additional 537,812 shares during the period.

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.