Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Sees Significant Increase in Short Interest

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 5,351 shares, an increase of 120.4% from the July 15th total of 2,428 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 1,619 shares, the days-to-cover ratio is presently 3.3 days.

Invesco S&P 500 High Dividend Growers ETF Trading Up 0.0%

NYSEARCA:DIVG traded up $0.01 during trading hours on Friday, reaching $38.74. 901 shares of the company were exchanged, compared to its average volume of 1,454. The stock’s 50-day moving average is $37.18 and its 200-day moving average is $35.82. The firm has a market cap of $11.62 million, a PE ratio of 15.30 and a beta of 0.43. Invesco S&P 500 High Dividend Growers ETF has a twelve month low of $31.47 and a twelve month high of $38.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new position in shares of Invesco S&P 500 High Dividend Growers ETF during the 4th quarter worth about $831,000. Virtu Financial LLC boosted its holdings in Invesco S&P 500 High Dividend Growers ETF by 36.4% in the 4th quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock worth $294,000 after buying an additional 2,399 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Invesco S&P 500 High Dividend Growers ETF in the 1st quarter worth about $61,000. Finally, Horizon Family Wealth Inc. increased its stake in Invesco S&P 500 High Dividend Growers ETF by 4.8% during the 4th quarter. Horizon Family Wealth Inc. now owns 107,758 shares of the company’s stock worth $3,519,000 after buying an additional 4,891 shares in the last 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.