Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Sees Significant Decrease in Short Interest

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 7,251 shares, a decline of 44.8% from the July 15th total of 13,141 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 25,274 shares, the short-interest ratio is currently 0.3 days.

Invesco S&P 500 Downside Hedged ETF Stock Performance

Invesco S&P 500 Downside Hedged ETF stock traded down $0.25 during trading on Tuesday, hitting $41.48. The company’s stock had a trading volume of 2,765 shares, compared to its average volume of 10,906. Invesco S&P 500 Downside Hedged ETF has a 1-year low of $34.73 and a 1-year high of $43.41. The stock’s fifty day moving average is $41.24 and its 200 day moving average is $40.08. The stock has a market capitalization of $64.29 million, a price-to-earnings ratio of 25.93 and a beta of 0.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cresta Advisors Ltd. acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the fourth quarter worth about $26,000. Advisory Services Network LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the 3rd quarter valued at about $26,000. Compass Financial Management LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the 2nd quarter valued at about $168,000. Sunbelt Securities Inc. lifted its position in shares of Invesco S&P 500 Downside Hedged ETF by 231.6% in the third quarter. Sunbelt Securities Inc. now owns 7,869 shares of the company’s stock worth $293,000 after purchasing an additional 5,496 shares in the last quarter. Finally, Wolverine Trading LLC boosted its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 67.4% during the third quarter. Wolverine Trading LLC now owns 13,667 shares of the company’s stock worth $511,000 after purchasing an additional 5,502 shares during the period.

Invesco S&P 500 Downside Hedged ETF Company Profile

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.