Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Large Decrease in Short Interest

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 198,945 shares, a decrease of 76.1% from the July 15th total of 833,061 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,580,519 shares, the short-interest ratio is currently 0.1 days.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ traded up $0.15 during mid-day trading on Friday, reaching $87.60. The stock had a trading volume of 1,539,342 shares, compared to its average volume of 1,712,090. Invesco S&P 500 Quality ETF has a twelve month low of $71.40 and a twelve month high of $90.36. The business has a 50 day simple moving average of $86.72 and a 200 day simple moving average of $82.21. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

Several hedge funds have recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Invesco S&P 500 Quality ETF by 4.5% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after acquiring an additional 136 shares during the period. Compound Planning Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 1.0% in the fourth quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after acquiring an additional 138 shares during the period. World Investment Advisors boosted its position in shares of Invesco S&P 500 Quality ETF by 0.6% during the 1st quarter. World Investment Advisors now owns 24,754 shares of the company’s stock worth $1,861,000 after purchasing an additional 142 shares in the last quarter. Latitude Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after purchasing an additional 148 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares in the last quarter.

About Invesco S&P 500 Quality ETF

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.