Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Short Interest Update

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,178 shares, a growth of 54.2% from the July 30th total of 7,251 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,382 shares, the days-to-cover ratio is currently 3.3 days.

Invesco S&P 500 Downside Hedged ETF Stock Performance

Shares of NYSEARCA PHDG remained flat at $41.24 during mid-day trading on Wednesday. 5,130 shares of the company traded hands, compared to its average volume of 10,599. Invesco S&P 500 Downside Hedged ETF has a twelve month low of $34.73 and a twelve month high of $43.41. The company has a market cap of $63.92 million, a price-to-earnings ratio of 25.93 and a beta of 0.56. The firm’s 50 day moving average price is $41.20 and its 200-day moving average price is $40.32.

Hedge Funds Weigh In On Invesco S&P 500 Downside Hedged ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PHDG. Cresta Advisors Ltd. bought a new position in shares of Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter valued at approximately $26,000. Mariner LLC lifted its position in Invesco S&P 500 Downside Hedged ETF by 6.8% during the fourth quarter. Mariner LLC now owns 14,517 shares of the company’s stock worth $544,000 after purchasing an additional 919 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Downside Hedged ETF by 7.4% during the third quarter. Envestnet Asset Management Inc. now owns 15,657 shares of the company’s stock valued at $583,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Highland Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 2nd quarter worth $47,000.

About Invesco S&P 500 Downside Hedged ETF

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.