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

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 586,819 shares, an increase of 33.6% from the March 31st total of 439,322 shares. Based on an average daily volume of 400,440 shares, the days-to-cover ratio is presently 1.5 days. Approximately 11.0% of the shares of the stock are short sold.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several institutional investors have recently modified their holdings of the stock. RCS Financial Planning LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter valued at about $361,000. Axxcess Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $274,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $250,000. VestGen Advisors LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $244,000. Finally, BNB Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $4,107,000.

Invesco S&P 500 High Beta ETF Stock Up 2.2%

Shares of NYSEARCA SPHB traded up $2.96 during trading on Thursday, hitting $134.56. The company had a trading volume of 209,910 shares, compared to its average volume of 375,833. The stock has a fifty day simple moving average of $122.68 and a two-hundred day simple moving average of $119.19. Invesco S&P 500 High Beta ETF has a fifty-two week low of $79.81 and a fifty-two week high of $135.08. The firm has a market capitalization of $796.60 million, a price-to-earnings ratio of 20.84 and a beta of 1.37.

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.