Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Up 67.5% in July

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 833,061 shares, an increase of 67.5% from the June 30th total of 497,417 shares. Based on an average daily trading volume, of 1,696,596 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 4.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after acquiring an additional 136 shares in the last quarter. Compound Planning Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 1.0% during the fourth quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock worth $1,092,000 after purchasing an additional 138 shares in the last quarter. World Investment Advisors grew its position in shares of Invesco S&P 500 Quality ETF by 0.6% during the first quarter. World Investment Advisors now owns 24,754 shares of the company’s stock worth $1,861,000 after purchasing an additional 142 shares in the last quarter. Latitude Advisors LLC raised its stake in Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after purchasing an additional 148 shares during the period. Finally, Brighton Jones LLC raised its stake in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares during the period.

Invesco S&P 500 Quality ETF Trading Down 0.5%

Shares of SPHQ stock traded down $0.40 during mid-day trading on Friday, reaching $84.67. The stock had a trading volume of 1,552,477 shares, compared to its average volume of 1,745,563. The firm has a market capitalization of $19.41 billion, a PE ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 52-week low of $70.40 and a 52-week high of $90.36. The stock’s 50-day moving average price is $86.55 and its two-hundred day moving average price is $81.54.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.