Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Sees Significant Drop in Short Interest

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 708 shares, a decrease of 75.6% from the February 12th total of 2,899 shares. Based on an average daily volume of 559 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 559 shares, the short-interest ratio is currently 1.3 days.

Invesco S&P 500 High Dividend Growers ETF Stock Performance

Shares of DIVG traded down $0.29 during mid-day trading on Tuesday, reaching $34.51. 78 shares of the company’s stock traded hands, compared to its average volume of 1,069. The business’s 50-day moving average price is $34.34 and its 200-day moving average price is $33.11. The stock has a market capitalization of $9.66 million, a P/E ratio of 15.30 and a beta of 0.64. Invesco S&P 500 High Dividend Growers ETF has a 12 month low of $27.25 and a 12 month high of $35.69.

Invesco S&P 500 High Dividend Growers ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.0983 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Invesco S&P 500 High Dividend Growers ETF’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Horizon Family Wealth Inc. bought a new position in Invesco S&P 500 High Dividend Growers ETF in the 2nd quarter valued at about $3,185,000. Coppell Advisory Solutions LLC bought a new stake in shares of Invesco S&P 500 High Dividend Growers ETF during the 2nd quarter worth about $382,000. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the 4th quarter worth approximately $831,000. Finally, Virtu Financial LLC boosted its holdings in shares of Invesco S&P 500 High Dividend Growers ETF by 36.4% in the fourth quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock valued at $294,000 after acquiring an additional 2,399 shares in the last quarter.

About Invesco S&P 500 High Dividend Growers ETF

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.