Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 441,669 shares, an increase of 94.9% from the February 12th total of 226,609 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,524,055 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,524,055 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
Invesco S&P 500 Quality ETF Trading Down 1.8%
Shares of NYSEARCA SPHQ traded down $1.39 during trading hours on Thursday, hitting $76.14. 1,932,670 shares of the company traded hands, compared to its average volume of 1,952,570. The company’s 50 day moving average price is $78.32 and its 200 day moving average price is $75.38. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $81.04. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.
Institutional Investors Weigh In On Invesco S&P 500 Quality ETF
Several hedge funds and other institutional investors have recently made changes to their positions in SPHQ. MTM Investment Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $33,000. Ancora Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth about $35,000. Finally, Dunhill Financial LLC raised its position in Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares during the period.
Invesco S&P 500 Quality ETF Company Profile
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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