Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Short Interest Update

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 330 shares, a decrease of 29.3% from the December 31st total of 467 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,781 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,781 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 High Dividend Growers ETF stock. Coppell Advisory Solutions LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,309 shares of the company’s stock, valued at approximately $382,000. Coppell Advisory Solutions LLC owned approximately 5.35% of Invesco S&P 500 High Dividend Growers ETF as of its most recent SEC filing.

Invesco S&P 500 High Dividend Growers ETF Stock Performance

DIVG stock traded up $0.17 on Friday, reaching $33.94. The company’s stock had a trading volume of 321 shares, compared to its average volume of 1,376. The firm has a market cap of $9.50 million, a PE ratio of 15.30 and a beta of 0.64. The business has a fifty day simple moving average of $33.01 and a two-hundred day simple moving average of $32.50. Invesco S&P 500 High Dividend Growers ETF has a 12-month low of $27.25 and a 12-month high of $33.94.

Invesco S&P 500 High Dividend Growers ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0977 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco S&P 500 High Dividend Growers ETF’s previous monthly dividend of $0.09.

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.