Short Interest in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Declines By 65.2%

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,888 shares, a decline of 65.2% from the August 15th total of 11,178 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,401 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PHDG. Compass Financial Management LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the 2nd quarter worth approximately $168,000. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the second quarter worth $47,000. January Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the first quarter worth $935,000. First Growth Capital LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at $953,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at $657,000.

Invesco S&P 500 Downside Hedged ETF Stock Up 1.0%

NYSEARCA PHDG traded up $0.42 during trading on Friday, hitting $41.18. The stock had a trading volume of 9,204 shares, compared to its average volume of 10,301. The company has a market capitalization of $63.83 million, a PE ratio of 25.93 and a beta of 0.56. The firm has a 50 day moving average price of $41.27 and a 200 day moving average price of $40.51. Invesco S&P 500 Downside Hedged ETF has a twelve month low of $34.73 and a twelve month high of $43.41.

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.