Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Sees Large Decrease in Short Interest

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 866 shares, a decline of 66.3% from the October 15th total of 2,567 shares. Based on an average daily volume of 1,407 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P 500 Downside Hedged ETF Price Performance

Shares of PHDG stock opened at $41.11 on Friday. The firm has a market cap of $61.66 million, a P/E ratio of 23.56 and a beta of 0.56. Invesco S&P 500 Downside Hedged ETF has a 1-year low of $36.96 and a 1-year high of $45.04. The firm has a fifty day moving average of $41.32 and a two-hundred day moving average of $40.44.

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

Several institutional investors have recently modified their holdings of PHDG. Blueprint Investment Partners LLC grew its position in Invesco S&P 500 Downside Hedged ETF by 7.5% in the 3rd quarter. Blueprint Investment Partners LLC now owns 83,064 shares of the company’s stock worth $3,429,000 after purchasing an additional 5,830 shares during the last quarter. Blueprint Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Downside Hedged ETF by 7.5% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 83,064 shares of the company’s stock worth $3,429,000 after purchasing an additional 5,830 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter valued at $1,578,000. January Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the first quarter valued at $935,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter worth about $454,000.

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.