Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Sees Large Decrease in Short Interest

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 866 shares, a decline of 66.3% from the October 15th total of 2,567 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,407 shares, the days-to-cover ratio is presently 0.6 days.

Invesco S&P 500 Downside Hedged ETF Stock Up 0.6%

NYSEARCA PHDG opened at $41.11 on Friday. The firm has a 50-day moving average price of $41.32 and a 200 day moving average price of $40.44. Invesco S&P 500 Downside Hedged ETF has a 52-week low of $36.96 and a 52-week high of $45.04. The stock has a market capitalization of $61.66 million, a P/E ratio of 23.56 and a beta of 0.56.

Hedge Funds Weigh In On Invesco S&P 500 Downside Hedged ETF

Large investors have recently made changes to their positions in the stock. Highland Investment Advisors LLC purchased a new position in Invesco S&P 500 Downside Hedged ETF in the second quarter valued at about $47,000. Compass Financial Management LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF in the 2nd quarter worth about $168,000. Blueprint Investment Partners LLC grew its stake in shares of Invesco S&P 500 Downside Hedged ETF by 7.5% during the 3rd quarter. Blueprint Investment Partners LLC now owns 83,064 shares of the company’s stock valued at $3,429,000 after buying an additional 5,830 shares during the period. Blueprint Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 7.5% during the 3rd quarter. Blueprint Financial Advisors LLC now owns 83,064 shares of the company’s stock worth $3,429,000 after purchasing an additional 5,830 shares during the period. Finally, Harbour Investments Inc. acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter worth $368,000.

Invesco S&P 500 Downside Hedged ETF Company Profile

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.