Short Interest in Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Decreases By 29.3%

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVGGet Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 330 shares, a drop of 29.3% from the December 31st total of 467 shares. Based on an average daily volume of 1,781 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,781 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco S&P 500 High Dividend Growers ETF

A hedge fund recently bought a new stake in Invesco S&P 500 High Dividend Growers ETF stock. Horizon Family Wealth Inc. purchased a new position in shares of Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVGFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102,380 shares of the company’s stock, valued at approximately $3,185,000. Invesco S&P 500 High Dividend Growers ETF makes up approximately 1.9% of Horizon Family Wealth Inc.’s holdings, making the stock its 13th biggest holding. Horizon Family Wealth Inc. owned approximately 44.51% of Invesco S&P 500 High Dividend Growers ETF at the end of the most recent quarter.

Invesco S&P 500 High Dividend Growers ETF Stock Up 0.5%

DIVG opened at $33.94 on Friday. The business has a 50 day moving average of $33.01 and a 200-day moving average of $32.49. Invesco S&P 500 High Dividend Growers ETF has a 12-month low of $27.25 and a 12-month high of $33.94. The stock has a market cap of $9.50 million, a price-to-earnings ratio of 15.30 and a beta of 0.64.

Invesco S&P 500 High Dividend Growers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.0977 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Invesco S&P 500 High Dividend Growers ETF’s previous monthly dividend of $0.09.

About Invesco S&P 500 High Dividend Growers ETF

(Get Free Report)

The Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that is based on the S&P 500 High Dividend Growth index. The fund tracks a yield-weighted index of 100 companies in the S&P 500 with the highest forecasted dividend yield growth. DIVG was launched on Dec 6, 2023 and is issued by Invesco.

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