Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Short Interest Up 18.0% in March

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 590,257 shares, an increase of 18.0% from the February 26th total of 500,420 shares. Based on an average daily volume of 595,835 shares, the days-to-cover ratio is currently 1.0 days. Approximately 10.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPHB. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P 500 High Beta ETF by 75.7% during the third quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock worth $2,165,000 after purchasing an additional 8,523 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Invesco S&P 500 High Beta ETF by 86.4% during the 2nd quarter. Osaic Holdings Inc. now owns 24,612 shares of the company’s stock worth $2,373,000 after acquiring an additional 11,411 shares in the last quarter. Bank Hapoalim BM purchased a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $9,443,000. Hilltop Holdings Inc. lifted its stake in Invesco S&P 500 High Beta ETF by 116.3% during the third quarter. Hilltop Holdings Inc. now owns 56,921 shares of the company’s stock worth $6,250,000 after purchasing an additional 30,609 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $1,013,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB opened at $117.18 on Thursday. Invesco S&P 500 High Beta ETF has a 1 year low of $64.40 and a 1 year high of $126.59. The stock has a market capitalization of $655.04 million, a PE ratio of 20.84 and a beta of 1.47. The stock has a 50-day simple moving average of $120.65 and a 200-day simple moving average of $116.76.

Invesco S&P 500 High Beta ETF Company Profile

The Invesco S&P 500 High Beta ETF (SPHB) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500. SPHB was launched on May 5, 2011 and is managed by Invesco.