Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Sees Significant Drop in Short Interest

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 7,251 shares, a decrease of 44.8% from the July 15th total of 13,141 shares. Based on an average daily volume of 25,274 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Invesco S&P 500 Downside Hedged ETF

Hedge funds have recently bought and sold shares of the business. Cresta Advisors Ltd. purchased a new position in Invesco S&P 500 Downside Hedged ETF in the fourth quarter worth $26,000. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 3rd quarter valued at $26,000. Compass Financial Management LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 2nd quarter valued at $168,000. Sunbelt Securities Inc. raised its stake in shares of Invesco S&P 500 Downside Hedged ETF by 231.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,869 shares of the company’s stock worth $293,000 after purchasing an additional 5,496 shares during the period. Finally, Wolverine Trading LLC raised its stake in shares of Invesco S&P 500 Downside Hedged ETF by 67.4% during the 3rd quarter. Wolverine Trading LLC now owns 13,667 shares of the company’s stock worth $511,000 after purchasing an additional 5,502 shares during the period.

Invesco S&P 500 Downside Hedged ETF Stock Performance

Shares of Invesco S&P 500 Downside Hedged ETF stock traded down $0.32 during mid-day trading on Monday, hitting $41.73. 3,366 shares of the stock were exchanged, compared to its average volume of 10,958. Invesco S&P 500 Downside Hedged ETF has a 12 month low of $34.73 and a 12 month high of $43.41. The company has a 50-day simple moving average of $41.24 and a 200 day simple moving average of $40.05. The company has a market capitalization of $64.68 million, a P/E ratio of 25.93 and a beta of 0.56.

Invesco S&P 500 Downside Hedged ETF Company Profile

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.