Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) Short Interest Up 191.7% in June

Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,607 shares, a growth of 191.7% from the June 15th total of 551 shares. Based on an average daily volume of 716 shares, the short-interest ratio is presently 2.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ascentis Independent Advisors bought a new stake in shares of Invesco S&P 500 High Dividend Growers ETF during the 1st quarter valued at about $61,000. Virtu Financial LLC boosted its stake in Invesco S&P 500 High Dividend Growers ETF by 36.4% in the fourth quarter. Virtu Financial LLC now owns 8,989 shares of the company’s stock valued at $294,000 after acquiring an additional 2,399 shares during the period. Kingsview Wealth Management LLC acquired a new position in Invesco S&P 500 High Dividend Growers ETF in the fourth quarter valued at approximately $831,000. Finally, Horizon Family Wealth Inc. grew its holdings in shares of Invesco S&P 500 High Dividend Growers ETF by 4.8% during the fourth quarter. Horizon Family Wealth Inc. now owns 107,758 shares of the company’s stock valued at $3,519,000 after purchasing an additional 4,891 shares during the last quarter.

Invesco S&P 500 High Dividend Growers ETF Stock Performance

Shares of NYSEARCA DIVG traded down $0.12 during trading on Wednesday, reaching $37.18. The stock had a trading volume of 329 shares, compared to its average volume of 1,462. The firm’s 50 day moving average price is $36.14 and its two-hundred day moving average price is $35.08. Invesco S&P 500 High Dividend Growers ETF has a one year low of $31.34 and a one year high of $37.39. The stock has a market cap of $10.78 million, a PE ratio of 15.30 and a beta of 0.45.

About Invesco S&P 500 High Dividend Growers ETF

The Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that is based on the S&P 500 High Dividend Growth index. The fund tracks a yield-weighted index of 100 companies in the S&P 500 with the highest forecasted dividend yield growth. DIVG was launched on Dec 6, 2023 and is issued by Invesco.