Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Shorted: Short Interest Up 142.2% in September

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the target of a large increase in short interest in the month of 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. Based on an average trading volume of 913,253 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Invesco S&P 500 Quality ETF Trading Down 0.6%

NYSEARCA:SPHQ opened at $84.40 on Tuesday. The firm’s fifty day simple moving average is $85.27 and its 200 day simple moving average is $83.52. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after purchasing an additional 4,733,411 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock valued at $210,251,000 after purchasing an additional 80,335 shares during the period. Sfmg LLC boosted its position in Invesco S&P 500 Quality ETF by 1.0% during the 4th quarter. Sfmg LLC now owns 1,668,107 shares of the company’s stock valued at $125,191,000 after purchasing an additional 16,565 shares during the period. Independence Asset Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth $73,856,000. Finally, Rockefeller Capital Management L.P. increased its position in Invesco S&P 500 Quality ETF by 440.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock worth $49,353,000 after buying an additional 535,929 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.