Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sees Significant Drop in Short Interest

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 747,652 shares, a decline of 42.7% from the March 15th total of 1,304,355 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 992,427 shares, the days-to-cover ratio is currently 0.8 days.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Performance

Invesco S&P 500 High Dividend Low Volatility ETF stock traded up $0.03 on Tuesday, reaching $49.46. The company’s stock had a trading volume of 533,123 shares, compared to its average volume of 985,821. Invesco S&P 500 High Dividend Low Volatility ETF has a twelve month low of $45.80 and a twelve month high of $53.07. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 15.77 and a beta of 0.66. The business’s fifty day moving average price is $50.76 and its 200 day moving average price is $49.26.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 5.9% in the 3rd quarter. Bank of America Corp DE now owns 1,175,362 shares of the company’s stock valued at $58,122,000 after buying an additional 65,443 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 10.3% in the 2nd quarter. Raymond James Financial Inc. now owns 755,806 shares of the company’s stock valued at $35,946,000 after buying an additional 70,284 shares during the period. Franklin Resources Inc. grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 716,017 shares of the company’s stock valued at $35,407,000 after buying an additional 12,356 shares during the period. Two Sigma Investments LP acquired a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter valued at $34,348,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 643,258 shares of the company’s stock valued at $30,876,000 after purchasing an additional 12,629 shares in the last quarter.

About Invesco S&P 500 High Dividend Low Volatility ETF

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.