Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Short Interest Down 21.5% in March

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,304,355 shares, a drop of 21.5% from the February 26th total of 1,661,188 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,065,990 shares, the days-to-cover ratio is presently 1.2 days.

Invesco S&P 500 High Dividend Low Volatility ETF Price Performance

NYSEARCA:SPHD traded up $0.27 during trading hours on Tuesday, reaching $49.61. 1,169,931 shares of the stock were exchanged, compared to its average volume of 1,027,389. Invesco S&P 500 High Dividend Low Volatility ETF has a twelve month low of $43.39 and a twelve month high of $53.07. The firm has a 50 day moving average of $50.78 and a 200 day moving average of $49.22. The stock has a market cap of $3.59 billion, a PE ratio of 15.77 and a beta of 0.72.

Invesco S&P 500 High Dividend Low Volatility ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.2094 dividend. This is a boost from Invesco S&P 500 High Dividend Low Volatility ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $34,348,000. Stifel Financial Corp boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 152.4% during the 4th quarter. Stifel Financial Corp now owns 627,025 shares of the company’s stock worth $30,097,000 after buying an additional 378,620 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1,036.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 311,768 shares of the company’s stock valued at $15,843,000 after acquiring an additional 284,328 shares in the last quarter. CWM LLC grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 4,597.5% in the 4th quarter. CWM LLC now owns 236,566 shares of the company’s stock valued at $11,355,000 after acquiring an additional 231,530 shares in the last quarter. Finally, Foguth Wealth Management LLC. acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the fourth quarter valued at about $8,947,000.

About Invesco S&P 500 High Dividend Low Volatility ETF

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.