Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Short Interest Update

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,304,355 shares, a drop of 21.5% from the February 26th total of 1,661,188 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 1,065,990 shares, the short-interest ratio is currently 1.2 days.

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

SPHD opened at $49.09 on Friday. The company has a market capitalization of $3.55 billion, a P/E ratio of 15.77 and a beta of 0.72. The firm’s fifty day moving average price is $50.76 and its two-hundred day moving average price is $49.22. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $43.39 and a fifty-two week high of $53.07.

Invesco S&P 500 High Dividend Low Volatility ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a $0.2094 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a positive change from Invesco S&P 500 High Dividend Low Volatility ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPHD. Nalls Sherbakoff Group LLC bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter valued at approximately $41,000. Horizon Investments LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth about $44,000. Bessemer Group Inc. grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% during the third quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares during the period. MAI Capital Management increased its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% in the third quarter. MAI Capital Management now owns 1,223 shares of the company’s stock valued at $60,000 after purchasing an additional 579 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter worth $68,000.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

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.