Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Update

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 622,926 shares, an increase of 38.1% from the March 15th total of 450,973 shares. Based on an average daily volume of 2,156,276 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Invesco S&P 500 Quality ETF Stock Down 0.4%

SPHQ stock opened at $79.13 on Friday. The business’s fifty day simple moving average is $78.02 and its two-hundred day simple moving average is $76.10. Invesco S&P 500 Quality ETF has a twelve month low of $61.02 and a twelve month high of $81.04. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPHQ. Brighton Jones LLC grew its position in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Invesco S&P 500 Quality ETF by 51.2% during the 1st quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after buying an additional 1,983 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth $875,000. Jane Street Group LLC grew its position in shares of Invesco S&P 500 Quality ETF by 29.2% during the 1st quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock worth $659,000 after buying an additional 2,248 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Invesco S&P 500 Quality ETF by 53.5% during the 2nd quarter. Invesco Ltd. now owns 115,321 shares of the company’s stock worth $8,218,000 after buying an additional 40,210 shares in the last quarter.

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.