Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,720 shares, a drop of 69.5% from the August 15th total of 5,634 shares. Based on an average daily volume of 1,404 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the shares of the company are short sold.
Invesco S&P 500 High Dividend Growers ETF Stock Performance
NYSEARCA DIVG traded up $0.33 during trading on Friday, reaching $37.80. The company’s stock had a trading volume of 563 shares, compared to its average volume of 1,436. The business’s fifty day moving average price is $37.88 and its 200-day moving average price is $36.28. Invesco S&P 500 High Dividend Growers ETF has a twelve month low of $31.47 and a twelve month high of $38.74. The firm has a market cap of $11.34 million, a price-to-earnings ratio of 15.30 and a beta of 0.43.
Institutional Trading of Invesco S&P 500 High Dividend Growers ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Growers ETF during the fourth quarter worth approximately $831,000. Horizon Family Wealth Inc. grew its position in Invesco S&P 500 High Dividend Growers ETF by 4.8% in the 4th 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 during the last quarter. Virtu Financial LLC grew its position 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 valued at $294,000 after buying an additional 2,399 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in Invesco S&P 500 High Dividend Growers ETF in the 1st quarter valued at $61,000.
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.
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