Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Sees Large Increase in Short Interest

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 700 shares, an increase of 112.1% from the January 15th total of 330 shares. Based on an average daily trading volume, of 1,073 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,073 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco S&P 500 High Dividend Growers ETF

A number of hedge funds have recently made changes to their positions in the stock. Horizon Family Wealth Inc. purchased a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the 2nd quarter worth approximately $3,185,000. Coppell Advisory Solutions LLC bought a new stake in Invesco S&P 500 High Dividend Growers ETF in the second quarter worth $382,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the fourth quarter worth $831,000.

Invesco S&P 500 High Dividend Growers ETF Price Performance

NYSEARCA:DIVG opened at $35.29 on Friday. The firm’s 50-day moving average price is $33.46 and its 200-day moving average price is $32.68. The company has a market capitalization of $9.88 million, a PE ratio of 15.30 and a beta of 0.64. Invesco S&P 500 High Dividend Growers ETF has a 1-year low of $27.25 and a 1-year high of $35.67.

Invesco S&P 500 High Dividend Growers ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.0977 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. This is a boost from Invesco S&P 500 High Dividend Growers ETF’s previous monthly dividend of $0.09. The ex-dividend date was Tuesday, January 20th.

Invesco S&P 500 High Dividend Growers ETF Company Profile

The Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that is based on the S&P 500 High Dividend Growth index. The fund tracks a yield-weighted index of 100 companies in the S&P 500 with the highest forecasted dividend yield growth. DIVG was launched on Dec 6, 2023 and is issued by Invesco.