Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sees Large Increase in Short Interest

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,430,000 shares, anincreaseof115.9% from the June 30th total of 662,300 shares. Based on an average daily volume of 528,200 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 528,200 shares, the days-to-cover ratio is currently 2.7 days.

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

NYSEARCA:SPHD opened at $47.91 on Thursday. The stock has a fifty day moving average price of $47.94 and a two-hundred day moving average price of $48.23. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.77 and a beta of 0.85. Invesco S&P 500 High Dividend Low Volatility ETF has a 1 year low of $43.39 and a 1 year high of $51.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPHD. LPL Financial LLC increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 22.0% in the first quarter. LPL Financial LLC now owns 2,779,602 shares of the company’s stock valued at $139,619,000 after buying an additional 500,835 shares in the last quarter. Royal Bank of Canada increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 1,151,885 shares of the company’s stock valued at $57,859,000 after buying an additional 20,656 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 61.7% during the first quarter. Ameriprise Financial Inc. now owns 1,138,820 shares of the company’s stock valued at $57,204,000 after acquiring an additional 434,526 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.3% during the fourth quarter. Bank of America Corp DE now owns 1,136,780 shares of the company’s stock valued at $54,918,000 after acquiring an additional 14,506 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 14.2% during the first quarter. Raymond James Financial Inc. now owns 685,522 shares of the company’s stock valued at $34,434,000 after acquiring an additional 85,501 shares during the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

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.