Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Shorted: Short Interest Down 75.7% in October

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 149,565 shares, a decrease of 75.7% from the October 15th total of 614,778 shares. Based on an average daily volume of 1,258,526 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock traded down $0.42 during midday trading on Friday, hitting $83.93. The company had a trading volume of 1,222,268 shares, compared to its average volume of 1,594,298. The stock has a market cap of $18.80 billion, a PE ratio of 23.64 and a beta of 0.91. The business’s 50 day simple moving average is $84.25 and its two-hundred day simple moving average is $82.99. Invesco S&P 500 Quality ETF has a 1-year low of $71.57 and a 1-year high of $90.36.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $916,000. Kovack Advisors Inc. boosted its position in Invesco S&P 500 Quality ETF by 148.9% in the third quarter. Kovack Advisors Inc. now owns 75,084 shares of the company’s stock valued at $6,354,000 after buying an additional 44,915 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Invesco S&P 500 Quality ETF by 12.8% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 41,394 shares of the company’s stock valued at $3,480,000 after purchasing an additional 4,704 shares in the last quarter. Pine Harbor Wealth Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $254,000. Finally, Bleakley Financial Group LLC acquired a new position in Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $2,396,000.

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.