Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Significant Increase in Short Interest

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 897,900 shares, a growth of 159.8% from the December 31st total of 345,670 shares. Based on an average daily volume of 2,356,868 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 2,356,868 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco S&P 500 Quality ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its position in Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 51.2% in the 1st quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after purchasing an additional 1,983 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $875,000. Jane Street Group LLC lifted its stake in Invesco S&P 500 Quality ETF by 29.2% during the first quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock valued at $659,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 349.8% during the second quarter. Farther Finance Advisors LLC now owns 3,306 shares of the company’s stock worth $236,000 after buying an additional 2,571 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ traded up $0.69 during midday trading on Thursday, hitting $78.47. 2,030,407 shares of the company’s stock were exchanged, compared to its average volume of 1,944,079. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $78.53. The firm has a market cap of $15.97 billion, a P/E ratio of 25.36 and a beta of 0.92. The stock’s 50 day moving average price is $75.92 and its 200-day moving average price is $73.88.

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.