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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 533,506 shares, a decrease of 40.6% from the January 15th total of 897,900 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,502,448 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,502,448 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P 500 Quality ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in Invesco S&P 500 Quality ETF by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after buying an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 5.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock worth $668,722,000 after buying an additional 496,439 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco S&P 500 Quality ETF by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock valued at $611,604,000 after purchasing an additional 253,950 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Quality ETF by 8.0% in the 3rd quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock worth $345,204,000 after acquiring an additional 349,166 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Invesco S&P 500 Quality ETF by 15.6% during the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after purchasing an additional 603,848 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.8%

NYSEARCA SPHQ traded up $0.66 during trading hours on Friday, hitting $79.39. 2,418,335 shares of the company were exchanged, compared to its average volume of 1,964,481. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $80.58. The stock has a 50-day moving average price of $76.94 and a 200 day moving average price of $74.43. The stock has a market cap of $16.22 billion, a PE ratio of 25.36 and a beta of 0.92.

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.