Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Short Interest Up 34.6% in January

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,760,351 shares, a growth of 34.6% from the January 15th total of 1,307,414 shares. Based on an average daily trading volume, of 933,435 shares, the short-interest ratio is currently 1.9 days. Approximately 2.4% of the company’s shares are sold short. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 933,435 shares, the short-interest ratio is currently 1.9 days.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Down 0.8%

Invesco S&P 500 High Dividend Low Volatility ETF stock traded down $0.44 during trading hours on Tuesday, reaching $52.19. 1,144,537 shares of the company’s stock were exchanged, compared to its average volume of 1,053,329. The firm’s 50 day simple moving average is $49.29 and its 200 day simple moving average is $48.80. 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 market capitalization of $3.78 billion, a PE ratio of 15.77 and a beta of 0.72.

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

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.2027 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.7%.

Institutional Trading of Invesco S&P 500 High Dividend Low Volatility ETF

Several hedge funds have recently modified their holdings of SPHD. Horizon Investments LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth $44,000. Bessemer Group Inc. boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares in the last quarter. MAI Capital Management grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% in the 3rd quarter. MAI Capital Management now owns 1,223 shares of the company’s stock valued at $60,000 after buying an additional 579 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter valued at about $68,000. Finally, Intesa Sanpaolo Wealth Management bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter valued at about $79,000.

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.