Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Update

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 198,945 shares, a drop of 76.1% from the July 15th total of 833,061 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,580,519 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco S&P 500 Quality ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 22.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 253,355 shares of the company’s stock valued at $22,827,000 after buying an additional 45,953 shares in the last quarter. Sherman Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 7.7% during the second quarter. Sherman Wealth Management LLC now owns 20,975 shares of the company’s stock valued at $1,890,000 after purchasing an additional 1,507 shares in the last quarter. Professional Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth $266,000. HF Advisory Group LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 0.8% in the 2nd quarter. HF Advisory Group LLC now owns 25,543 shares of the company’s stock valued at $2,301,000 after buying an additional 196 shares in the last quarter. Finally, Topor & Co. Korea raised its stake in shares of Invesco S&P 500 Quality ETF by 0.7% during the 2nd quarter. Topor & Co. Korea now owns 49,918 shares of the company’s stock worth $4,498,000 after acquiring an additional 329 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Up 1.1%

NYSEARCA:SPHQ traded up $0.95 during midday trading on Thursday, hitting $87.45. 1,313,121 shares of the company traded hands, compared to its average volume of 1,713,210. Invesco S&P 500 Quality ETF has a 12-month low of $71.40 and a 12-month high of $90.36. The firm has a market capitalization of $20.08 billion, a P/E ratio of 25.36 and a beta of 0.91. The firm’s fifty day moving average is $86.65 and its 200-day moving average is $82.10.

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.