Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Short Interest Up 191.7% in June

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,607 shares, an increase of 191.7% from the June 15th total of 551 shares. Based on an average trading volume of 716 shares, the short-interest ratio is currently 2.2 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Horizon Family Wealth Inc. grew its stake in shares of 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 buying an additional 4,891 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Invesco S&P 500 High Dividend Growers ETF during the 4th quarter worth about $831,000. Virtu Financial LLC increased its stake in Invesco S&P 500 High Dividend Growers ETF by 36.4% during the fourth quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock worth $294,000 after purchasing an additional 2,399 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco S&P 500 High Dividend Growers ETF during the first quarter worth about $61,000.

Invesco S&P 500 High Dividend Growers ETF Price Performance

Shares of DIVG stock traded up $0.21 during trading hours on Monday, hitting $37.31. The company had a trading volume of 1,284 shares, compared to its average volume of 1,466. The company’s fifty day moving average is $36.09 and its 200 day moving average is $35.01. Invesco S&P 500 High Dividend Growers ETF has a fifty-two week low of $31.34 and a fifty-two week high of $37.39. The stock has a market capitalization of $10.82 million, a PE ratio of 15.30 and a beta of 0.45.

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.