Short Interest in Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Decreases By 66.1%

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 551 shares, a decrease of 66.1% from the May 31st total of 1,623 shares. Based on an average daily trading volume, of 1,912 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Invesco S&P 500 High Dividend Growers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Horizon Family Wealth Inc. lifted its stake in Invesco S&P 500 High Dividend Growers ETF by 4.8% in the fourth quarter. Horizon Family Wealth Inc. now owns 107,758 shares of the company’s stock worth $3,519,000 after purchasing an additional 4,891 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in Invesco S&P 500 High Dividend Growers ETF in the 4th quarter valued at $831,000. Virtu Financial LLC grew its position in Invesco S&P 500 High Dividend Growers ETF by 36.4% in the 4th 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 during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in Invesco S&P 500 High Dividend Growers ETF in the first quarter worth $61,000.

Invesco S&P 500 High Dividend Growers ETF Stock Performance

NYSEARCA DIVG traded up $0.20 on Friday, hitting $36.71. 570 shares of the stock were exchanged, compared to its average volume of 1,288. Invesco S&P 500 High Dividend Growers ETF has a 52-week low of $30.92 and a 52-week high of $36.99. The firm has a market capitalization of $10.65 million, a P/E ratio of 15.30 and a beta of 0.47. The stock has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $34.72.

Invesco S&P 500 High Dividend Growers ETF Company Profile

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.