Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,286 shares, a drop of 62.0% from the April 30th total of 3,381 shares. Based on an average daily volume of 2,507 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are short sold.
Hedge Funds Weigh In On Invesco S&P 500 High Dividend Growers ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Horizon Family Wealth Inc. increased its holdings in Invesco S&P 500 High Dividend Growers ETF by 0.5% during the third quarter. Horizon Family Wealth Inc. now owns 102,867 shares of the company’s stock worth $3,367,000 after buying an additional 487 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Invesco S&P 500 High Dividend Growers ETF during the first quarter worth $61,000. Virtu Financial LLC increased its holdings in Invesco S&P 500 High Dividend Growers ETF by 36.4% during the fourth 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. Finally, Kingsview Wealth Management LLC acquired a new position in Invesco S&P 500 High Dividend Growers ETF during the fourth quarter worth $831,000.
Invesco S&P 500 High Dividend Growers ETF Price Performance
Shares of NYSEARCA DIVG remained flat at $35.67 during midday trading on Friday. 515 shares of the stock were exchanged, compared to its average volume of 1,275. Invesco S&P 500 High Dividend Growers ETF has a 12 month low of $30.19 and a 12 month high of $36.06. The company has a market cap of $10.34 million, a PE ratio of 15.30 and a beta of 0.50. The stock has a fifty day simple moving average of $35.16 and a 200 day simple moving average of $34.16.
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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