Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Short Interest Down 44.8% in July

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 7,251 shares, a decline of 44.8% from the July 15th total of 13,141 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 25,274 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco S&P 500 Downside Hedged ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. January Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the first quarter worth $935,000. First Growth Capital LLC purchased a new position in shares of Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth $953,000. Axxcess Wealth Management LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the fourth quarter valued at $679,000. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Downside Hedged ETF in the third quarter valued at $26,000. Finally, Cresta Advisors Ltd. purchased a new stake in Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at $26,000.

Invesco S&P 500 Downside Hedged ETF Stock Performance

Shares of PHDG stock opened at $41.48 on Wednesday. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $34.73 and a fifty-two week high of $43.41. The firm has a market capitalization of $64.29 million, a PE ratio of 25.93 and a beta of 0.56. The stock’s 50-day simple moving average is $41.24 and its 200-day simple moving average is $40.08.

Invesco S&P 500 Downside Hedged ETF Company Profile

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.