Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Update

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 441,669 shares, a growth of 94.9% from the February 12th total of 226,609 shares. Based on an average trading volume of 1,524,055 shares, the days-to-cover ratio is presently 0.3 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 trading volume of 1,524,055 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P 500 Quality ETF Stock Down 0.2%

NYSEARCA SPHQ traded down $0.18 on Friday, hitting $75.96. The company’s stock had a trading volume of 1,835,327 shares, compared to its average volume of 1,950,184. The company’s 50-day moving average is $78.35 and its 200 day moving average is $75.42. The firm has a market cap of $15.52 billion, a PE ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $81.04.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after buying an additional 3,741,699 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $245,312,000. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after buying an additional 1,469,187 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 56.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock worth $212,016,000 after acquiring an additional 1,039,995 shares during the last quarter. Finally, Alvarez & Marsal Private Wealth Partners LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $58,114,000.

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.