Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Significant Decrease in Short Interest

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 396,770 shares, a drop of 12.6% from the January 15th total of 453,731 shares. Based on an average daily volume of 191,719 shares, the short-interest ratio is presently 2.1 days. Approximately 7.1% of the shares of the stock are short sold. Approximately 7.1% of the shares of the stock are short sold. Based on an average daily volume of 191,719 shares, the short-interest ratio is presently 2.1 days.

Invesco S&P 500 High Beta ETF Stock Performance

Invesco S&P 500 High Beta ETF stock opened at $122.64 on Tuesday. Invesco S&P 500 High Beta ETF has a fifty-two week low of $64.40 and a fifty-two week high of $126.59. The stock has a market cap of $685.56 million, a P/E ratio of 20.84 and a beta of 1.47. The firm’s fifty day moving average price is $120.97 and its 200-day moving average price is $113.31.

Institutional Trading of Invesco S&P 500 High Beta ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 High Beta ETF by 4,310.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock worth $44,422,000 after purchasing an additional 374,168 shares in the last quarter. Wells Fargo & Company MN lifted its position in Invesco S&P 500 High Beta ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock valued at $44,642,000 after purchasing an additional 164,522 shares during the last quarter. Allianz SE bought a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $21,799,000. LPL Financial LLC grew its stake in Invesco S&P 500 High Beta ETF by 11.9% in the 4th quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock worth $25,949,000 after buying an additional 23,514 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Invesco S&P 500 High Beta ETF by 19.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock worth $18,725,000 after buying an additional 27,943 shares during the last quarter.

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.