Short Interest in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Drops By 30.5%

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,136,719 shares, a decrease of 30.5% from the December 15th total of 1,636,152 shares. Based on an average daily volume of 562,869 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.8% of the company’s shares are short sold. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 562,869 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Large investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 65.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,304 shares of the company’s stock worth $585,000 after purchasing an additional 4,867 shares in the last quarter. D.A. Davidson & CO. increased its position in Invesco S&P 500 High Dividend Low Volatility ETF by 2.8% in the 2nd quarter. D.A. Davidson & CO. now owns 27,291 shares of the company’s stock valued at $1,298,000 after buying an additional 733 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 121.9% during the 2nd quarter. Crescent Grove Advisors LLC now owns 24,268 shares of the company’s stock worth $1,154,000 after buying an additional 13,332 shares during the period. Franklin Resources Inc. boosted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 5.4% in the second quarter. Franklin Resources Inc. now owns 703,661 shares of the company’s stock worth $33,466,000 after acquiring an additional 36,344 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the second quarter worth approximately $787,000.

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

Shares of SPHD traded down $0.21 during trading hours on Monday, hitting $49.35. 776,815 shares of the stock were exchanged, compared to its average volume of 909,664. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $43.39 and a fifty-two week high of $51.60. The business has a 50-day moving average of $48.20 and a 200-day moving average of $48.49. The firm has a market capitalization of $3.12 billion, a P/E 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 disclosed a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be given a $0.2027 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 4.9%.

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.