Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Stock Short Interest Declines 41.9%

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 348,225 shares, a decline of 41.9% from the September 15th total of 599,370 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,200,312 shares, the short-interest ratio is currently 0.3 days.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Performance

Shares of SPHD stock traded up $0.54 during trading hours on Friday, hitting $50.66. 850,486 shares of the company were exchanged, compared to its average volume of 892,936. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $46.58 and a fifty-two week high of $54.04. The company has a 50 day simple moving average of $51.02 and a two-hundred day simple moving average of $50.79. The firm has a market cap of $3.29 billion, a P/E ratio of 15.77 and a beta of 0.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 8.2% in the second quarter. IFP Advisors Inc now owns 3,110 shares of the company’s stock valued at $158,000 after purchasing an additional 235 shares during the period. Essex Financial Services Inc. boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 2.6% during the 1st quarter. Essex Financial Services Inc. now owns 9,850 shares of the company’s stock worth $489,000 after purchasing an additional 249 shares during the last quarter. Triton Wealth Management PLLC lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 8.5% in the first quarter. Triton Wealth Management PLLC now owns 4,515 shares of the company’s stock worth $223,000 after buying an additional 355 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 5.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,922 shares of the company’s stock valued at $403,000 after buying an additional 400 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 8.6% in the 1st quarter. Continuum Advisory LLC now owns 6,238 shares of the company’s stock valued at $309,000 after buying an additional 493 shares during the period.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.