Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Large Drop in Short Interest

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 345,670 shares, a decrease of 46.1% from the December 15th total of 640,906 shares. Based on an average trading volume of 912,745 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 912,745 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ traded up $0.42 during midday trading on Thursday, reaching $77.57. 1,299,472 shares of the stock were exchanged, compared to its average volume of 2,356,827. The business’s 50-day moving average price is $75.08 and its 200 day moving average price is $73.49. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $78.09. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in Invesco S&P 500 Quality ETF by 4.6% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,413,908 shares of the company’s stock valued at $616,655,000 after purchasing an additional 370,859 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock worth $611,604,000 after purchasing an additional 253,950 shares during the period. Bank of America Corp DE boosted its stake in Invesco S&P 500 Quality ETF by 8.0% during the 3rd quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock worth $345,204,000 after purchasing an additional 349,166 shares during the period. Finally, Raymond James Financial Inc. grew its position in Invesco S&P 500 Quality ETF by 15.6% during the 3rd quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after purchasing an additional 603,848 shares during the last quarter.

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.