Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Up 67.5% in July

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 833,061 shares, an increase of 67.5% from the June 30th total of 497,417 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,696,596 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P 500 Quality ETF Stock Down 0.5%

Shares of NYSEARCA SPHQ traded down $0.40 during mid-day trading on Friday, reaching $84.67. 1,552,477 shares of the company were exchanged, compared to its average volume of 1,745,563. Invesco S&P 500 Quality ETF has a 52 week low of $70.40 and a 52 week high of $90.36. The company’s 50 day moving average price is $86.55 and its 200 day moving average price is $81.54. The stock has a market capitalization of $19.41 billion, a PE ratio of 25.36 and a beta of 0.90.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Redhawk Wealth Advisors Inc. raised its holdings in shares of 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 grew its position in 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 acquiring an additional 1,507 shares during the last quarter. Professional Financial Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the second quarter valued at approximately $266,000. HF Advisory Group LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 0.8% during the second quarter. HF Advisory Group LLC now owns 25,543 shares of the company’s stock worth $2,301,000 after acquiring 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 second 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 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.