Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Shares Shorted: Short Interest Down 41.9% in September

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 348,225 shares, a decline of 41.9% from the September 15th total of 599,370 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,200,312 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 390.0% during the second quarter. Continuum Advisory LLC now owns 30,566 shares of the company’s stock valued at $1,554,000 after buying an additional 24,328 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 27.4% in the first quarter. NewEdge Advisors LLC now owns 153,964 shares of the company’s stock worth $7,638,000 after buying an additional 33,139 shares in the last quarter. Triad Wealth Partners LLC grew its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 277.3% in the 1st quarter. Triad Wealth Partners LLC now owns 25,122 shares of the company’s stock valued at $1,246,000 after buying an additional 18,464 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter worth about $2,269,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 1st quarter worth approximately $794,000.

Invesco S&P 500 High Dividend Low Volatility ETF Price Performance

Shares of SPHD stock traded up $0.49 during trading hours on Thursday, reaching $50.05. 1,428,470 shares of the company traded hands, compared to its average volume of 891,484. The company has a market cap of $3.25 billion, a P/E ratio of 15.77 and a beta of 0.61. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $46.58 and a 12-month high of $54.04. The firm has a 50-day moving average price of $51.07 and a 200 day moving average price of $50.79.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.