Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 10,879 shares, a drop of 40.5% from the June 15th total of 18,274 shares. Based on an average daily volume of 11,129 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the second quarter valued at $2,065,000. WFA of San Diego LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 2nd quarter worth about $1,757,000. OLD Mission Capital LLC lifted its stake in shares of Invesco S&P 500 Downside Hedged ETF by 86.9% during the 4th quarter. OLD Mission Capital LLC now owns 63,892 shares of the company’s stock worth $2,392,000 after buying an additional 29,707 shares during the last quarter. First Growth Capital LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth about $953,000. Finally, January Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF during the 1st quarter worth about $935,000.
Invesco S&P 500 Downside Hedged ETF Price Performance
NYSEARCA PHDG traded down $0.22 during trading on Thursday, reaching $41.11. 4,046 shares of the company’s stock were exchanged, compared to its average volume of 10,249. The business has a 50 day moving average price of $41.59 and a 200-day moving average price of $39.49. The stock has a market capitalization of $74.00 million, a P/E ratio of 25.93 and a beta of 0.56. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $34.73 and a fifty-two week high of $43.41.
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.
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