Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,178 shares, a growth of 54.2% from the July 30th total of 7,251 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,382 shares, the days-to-cover ratio is presently 3.3 days.
Institutional Trading of Invesco S&P 500 Downside Hedged ETF
Several institutional investors and hedge funds have recently made changes to their positions in PHDG. Darwin Wealth Management LLC bought a new stake in Invesco S&P 500 Downside Hedged ETF in the second quarter valued at approximately $2,065,000. WFA of San Diego LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the 2nd quarter valued at $1,757,000. OLD Mission Capital LLC increased its position in shares of Invesco S&P 500 Downside Hedged ETF by 86.9% in the 4th quarter. OLD Mission Capital LLC now owns 63,892 shares of the company’s stock valued at $2,392,000 after buying an additional 29,707 shares in the last quarter. First Growth Capital LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the 4th quarter valued at $953,000. Finally, January Capital Advisors LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the 1st quarter worth $935,000.
Invesco S&P 500 Downside Hedged ETF Price Performance
Shares of Invesco S&P 500 Downside Hedged ETF stock remained flat at $41.40 during trading on Tuesday. The company had a trading volume of 2,206 shares, compared to its average volume of 10,632. The stock has a 50 day moving average of $41.19 and a 200-day moving average of $40.30. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $34.73 and a fifty-two week high of $43.41. The firm has a market capitalization of $64.17 million, a PE ratio of 25.93 and a beta of 0.56.
About Invesco S&P 500 Downside Hedged ETF
The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.
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