Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Large Growth in Short Interest

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 505,520 shares, an increase of 142.2% from the August 31st total of 208,681 shares. Based on an average trading volume of 913,253 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

A number of institutional investors have recently bought and sold shares of SPHQ. Cassaday & Co Wealth Management LLC purchased a new position in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth $33,000. Networth Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth $43,000. Finally, Continuum Advisory LLC purchased a new position in Invesco S&P 500 Quality ETF during the second quarter valued at $48,000.

Invesco S&P 500 Quality ETF Stock Up 0.8%

NYSEARCA:SPHQ traded up $0.68 during trading hours on Friday, hitting $84.92. 1,015,309 shares of the stock traded hands, compared to its average volume of 1,647,449. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36. The stock has a 50 day moving average price of $85.27 and a 200 day moving average price of $83.44.

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.