Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Short Interest Update

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 590,257 shares, a growth of 18.0% from the February 26th total of 500,420 shares. Based on an average trading volume of 595,835 shares, the short-interest ratio is presently 1.0 days. Currently, 10.6% of the company’s shares are sold short.

Invesco S&P 500 High Beta ETF Price Performance

Shares of SPHB stock traded up $4.59 during trading hours on Tuesday, reaching $115.95. The company had a trading volume of 1,142,057 shares, compared to its average volume of 375,230. The company has a 50 day moving average of $120.76 and a 200 day moving average of $116.76. The firm has a market cap of $648.16 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. Invesco S&P 500 High Beta ETF has a 1-year low of $64.40 and a 1-year high of $126.59.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Walleye Trading LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter valued at about $449,000. BNP Paribas Financial Markets raised its position in shares of Invesco S&P 500 High Beta ETF by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 142,593 shares of the company’s stock valued at $13,907,000 after acquiring an additional 17,300 shares during the period. Headlands Technologies LLC bought a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter worth approximately $104,000. Hollencrest Capital Management acquired a new position in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $90,000. Finally, Delos Wealth Advisors LLC acquired a new position in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $38,000.

Invesco S&P 500 High Beta ETF Company Profile

The Invesco S&P 500 High Beta ETF (SPHB) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500. SPHB was launched on May 5, 2011 and is managed by Invesco.