Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Short Interest Down 40.5% in June

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDGGet Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 10,879 shares, a decline of 40.5% from the June 15th total of 18,274 shares. Based on an average daily volume of 11,129 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco S&P 500 Downside Hedged ETF

Large investors have recently made changes to their positions in the stock. Cresta Advisors Ltd. acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth $26,000. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the 3rd quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the 4th quarter worth $28,000. Sunbelt Securities Inc. boosted its stake in Invesco S&P 500 Downside Hedged ETF by 231.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,869 shares of the company’s stock worth $293,000 after purchasing an additional 5,496 shares during the period. Finally, Wolverine Trading LLC lifted its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 67.4% in the third quarter. Wolverine Trading LLC now owns 13,667 shares of the company’s stock valued at $511,000 after purchasing an additional 5,502 shares in the last quarter.

Invesco S&P 500 Downside Hedged ETF Stock Performance

NYSEARCA PHDG traded down $0.22 during trading hours on Thursday, reaching $41.11. 4,046 shares of the company’s stock were exchanged, compared to its average volume of 10,249. The company has a market capitalization of $74.00 million, a price-to-earnings ratio of 25.93 and a beta of 0.56. The company’s 50-day moving average is $41.59 and its two-hundred day moving average is $39.49. Invesco S&P 500 Downside Hedged ETF has a one year low of $34.73 and a one year high of $43.41.

About Invesco S&P 500 Downside Hedged ETF

(Get Free Report)

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.

Further Reading

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