Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Short Interest Down 62.0% in May

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,286 shares, a decline of 62.0% from the April 30th total of 3,381 shares. Based on an average daily volume of 2,507 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Invesco S&P 500 High Dividend Growers ETF Price Performance

NYSEARCA:DIVG opened at $35.67 on Friday. Invesco S&P 500 High Dividend Growers ETF has a 52 week low of $30.19 and a 52 week high of $36.06. The company has a market capitalization of $10.34 million, a P/E ratio of 15.30 and a beta of 0.50. The stock’s fifty day moving average is $35.16 and its two-hundred day moving average is $34.16.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Growers ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIVG. Kingsview Wealth Management LLC purchased a new stake in Invesco S&P 500 High Dividend Growers ETF in the fourth quarter valued at $831,000. Horizon Family Wealth Inc. raised its position in Invesco S&P 500 High Dividend Growers ETF by 4.8% in the fourth quarter. Horizon Family Wealth Inc. now owns 107,758 shares of the company’s stock valued at $3,519,000 after purchasing an additional 4,891 shares during the period. Virtu Financial LLC raised its position in Invesco S&P 500 High Dividend Growers ETF by 36.4% in the fourth quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock valued at $294,000 after purchasing an additional 2,399 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in shares of Invesco S&P 500 High Dividend Growers ETF in the 1st quarter valued at $61,000.

Invesco S&P 500 High Dividend Growers ETF Company Profile

The Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that is based on the S&P 500 High Dividend Growth index. The fund tracks a yield-weighted index of 100 companies in the S&P 500 with the highest forecasted dividend yield growth. DIVG was launched on Dec 6, 2023 and is issued by Invesco.