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

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

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC increased its position in shares of Invesco S&P 500 High Beta ETF by 1.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,800 shares of the company’s stock worth $678,000 after acquiring an additional 99 shares during the period. Advisors Preferred LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 1.1% in the fourth quarter. Advisors Preferred LLC now owns 9,200 shares of the company’s stock valued at $1,095,000 after acquiring an additional 100 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Invesco S&P 500 High Beta ETF by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 22,789 shares of the company’s stock valued at $2,666,000 after purchasing an additional 158 shares during the period. Avant Capital LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 6.1% in the fourth quarter. Avant Capital LLC now owns 3,636 shares of the company’s stock valued at $425,000 after purchasing an additional 209 shares during the period. Finally, Cornerstone Planning Group LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 4th quarter worth $28,000.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA SPHB opened at $115.95 on Wednesday. The firm has a market cap of $648.16 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. The firm has a 50 day simple moving average of $120.76 and a 200-day simple moving average of $116.76. Invesco S&P 500 High Beta ETF has a one year low of $64.40 and a one year high of $126.59.

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.