Short Interest in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Drops By 40.5%

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,879 shares, a drop of 40.5% from the June 15th total of 18,274 shares. Based on an average daily trading volume, of 11,129 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are short sold.

Invesco S&P 500 Downside Hedged ETF Stock Down 0.7%

Invesco S&P 500 Downside Hedged ETF stock opened at $40.79 on Friday. The business has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $39.52. The stock has a market cap of $73.42 million, a price-to-earnings ratio of 25.93 and a beta of 0.56. Invesco S&P 500 Downside Hedged ETF has a 12 month low of $34.73 and a 12 month high of $43.41.

Institutional Investors Weigh In On Invesco S&P 500 Downside Hedged ETF

A number of institutional investors have recently bought and sold shares of the business. Darwin Wealth Management LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the second quarter worth $2,065,000. WFA of San Diego LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the second quarter valued at $1,757,000. OLD Mission Capital LLC raised its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 86.9% in the fourth quarter. OLD Mission Capital LLC now owns 63,892 shares of the company’s stock valued at $2,392,000 after buying an additional 29,707 shares during the last quarter. First Growth Capital LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth about $953,000. Finally, January Capital Advisors LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF during the 1st quarter worth about $935,000.

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.