Short Interest in Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Grows By 46.9%

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 467 shares, a growth of 46.9% from the December 15th total of 318 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,192 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 1,192 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Invesco S&P 500 High Dividend Growers ETF Trading Down 0.4%

NYSEARCA DIVG opened at $33.70 on Friday. The stock has a market cap of $9.44 million, a P/E ratio of 15.30 and a beta of 0.64. The company’s fifty day simple moving average is $32.68 and its 200-day simple moving average is $32.36. Invesco S&P 500 High Dividend Growers ETF has a 52 week low of $27.25 and a 52 week high of $33.90.

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

A hedge fund recently raised its stake in Invesco S&P 500 High Dividend Growers ETF stock. Horizon Family Wealth Inc. grew its holdings in Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,867 shares of the company’s stock after buying an additional 487 shares during the quarter. Invesco S&P 500 High Dividend Growers ETF accounts for approximately 1.9% of Horizon Family Wealth Inc.’s holdings, making the stock its 14th biggest holding. Horizon Family Wealth Inc. owned 39.56% of Invesco S&P 500 High Dividend Growers ETF worth $3,367,000 at the end of the most recent quarter.

About Invesco S&P 500 High Dividend Growers ETF

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.