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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 345,670 shares, a drop of 46.1% from the December 15th total of 640,906 shares. Based on an average daily trading volume, of 912,745 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 912,745 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P 500 Quality ETF Stock Down 0.1%

Shares of SPHQ stock traded down $0.08 during trading hours on Friday, reaching $77.49. 1,556,859 shares of the stock traded hands, compared to its average volume of 2,284,105. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $78.09. The business has a fifty day moving average price of $75.16 and a 200 day moving average price of $73.55. The firm has a market capitalization of $15.69 billion, a PE ratio of 25.36 and a beta of 0.92.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of hedge funds have recently modified their holdings of SPHQ. Baird Financial Group Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 458.9% during the 2nd quarter. Baird Financial Group Inc. now owns 208,184 shares of the company’s stock worth $14,835,000 after buying an additional 170,936 shares during the period. Crestwood Advisors Group LLC raised its stake in Invesco S&P 500 Quality ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 39,672 shares of the company’s stock worth $2,827,000 after acquiring an additional 1,323 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Quality ETF by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,843,952 shares of the company’s stock worth $131,400,000 after acquiring an additional 161,638 shares in the last quarter. CW Advisors LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 72.8% during the second quarter. CW Advisors LLC now owns 17,122 shares of the company’s stock valued at $1,220,000 after acquiring an additional 7,216 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 14.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 53,100 shares of the company’s stock valued at $3,892,000 after purchasing an additional 6,850 shares in the last quarter.

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.