Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Update

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 441,669 shares, a growth of 94.9% from the February 12th total of 226,609 shares. Based on an average daily trading volume, of 1,524,055 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,524,055 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 458.9% in the 2nd quarter. Baird Financial Group Inc. now owns 208,184 shares of the company’s stock valued at $14,835,000 after acquiring an additional 170,936 shares during the period. Focus Partners Advisor Solutions LLC lifted its stake in Invesco S&P 500 Quality ETF by 235.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock valued at $742,000 after purchasing an additional 7,092 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Quality ETF by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,843,952 shares of the company’s stock valued at $131,400,000 after purchasing an additional 161,638 shares during the last quarter. CW Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 72.8% during the second quarter. CW Advisors LLC now owns 17,122 shares of the company’s stock worth $1,220,000 after purchasing an additional 7,216 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its holdings in Invesco S&P 500 Quality ETF by 14.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 53,100 shares of the company’s stock worth $3,892,000 after purchasing an additional 6,850 shares during the period.

Invesco S&P 500 Quality ETF Trading Down 0.2%

Shares of Invesco S&P 500 Quality ETF stock traded down $0.18 during trading hours on Friday, reaching $75.96. 1,835,327 shares of the company’s stock were exchanged, compared to its average volume of 1,950,184. The stock has a market cap of $15.52 billion, a P/E ratio of 25.36 and a beta of 0.92. The company has a 50 day moving average of $78.35 and a two-hundred day moving average of $75.42. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $81.04.

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.