Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 505,520 shares, an increase of 142.2% from the August 31st total of 208,681 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 913,253 shares, the days-to-cover ratio is presently 0.6 days.
Invesco S&P 500 Quality ETF Price Performance
Shares of SPHQ stock traded up $0.68 during trading hours on Friday, hitting $84.92. The stock had a trading volume of 1,015,309 shares, compared to its average volume of 1,647,449. Invesco S&P 500 Quality ETF has a one year low of $71.57 and a one year high of $90.36. The stock’s 50-day moving average price is $85.27 and its two-hundred day moving average price is $83.44. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
Institutional Trading of Invesco S&P 500 Quality ETF
A number of large investors have recently added to or reduced their stakes in the company. World Investment Advisors raised its holdings 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 acquiring an additional 142 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Quality ETF by 0.5% during the first quarter. GHP Investment Advisors Inc. now owns 29,891 shares of the company’s stock valued at $2,247,000 after purchasing an additional 153 shares in the last quarter. DBK Financial Counsel LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 0.4% in the 1st quarter. DBK Financial Counsel LLC now owns 44,727 shares of the company’s stock worth $3,363,000 after buying an additional 165 shares in the last quarter. KDK Private Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 2.3% in the 1st quarter. KDK Private Wealth Management LLC now owns 8,003 shares of the company’s stock worth $590,000 after buying an additional 182 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 6.1% in the 2nd quarter. CoreCap Advisors LLC now owns 3,150 shares of the company’s stock worth $284,000 after buying an additional 182 shares during 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.
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