Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Short Interest Up 67.5% in July

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 833,061 shares, an increase of 67.5% from the June 30th total of 497,417 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,696,596 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P 500 Quality ETF Trading Down 0.5%

Shares of SPHQ stock traded down $0.40 during trading hours on Friday, reaching $84.67. 1,552,477 shares of the stock were exchanged, compared to its average volume of 1,745,566. The company’s 50-day moving average price is $86.55 and its 200-day moving average price is $81.56. Invesco S&P 500 Quality ETF has a 12-month low of $70.40 and a 12-month high of $90.36. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90.

Institutional Trading of Invesco S&P 500 Quality ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at $28,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $33,000.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.