Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Short Interest Down 65.2% in August

Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,888 shares, a decrease of 65.2% from the August 15th total of 11,178 shares. Based on an average trading volume of 5,401 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Invesco S&P 500 Downside Hedged ETF Price Performance

Shares of NYSEARCA:PHDG traded down $0.15 during trading hours on Monday, hitting $41.03. The company’s stock had a trading volume of 372 shares, compared to its average volume of 10,244. Invesco S&P 500 Downside Hedged ETF has a 52 week low of $34.73 and a 52 week high of $43.41. The company has a market capitalization of $63.60 million, a price-to-earnings ratio of 25.93 and a beta of 0.56. The firm’s fifty day moving average price is $41.27 and its 200 day moving average price is $40.51.

Institutional Trading of Invesco S&P 500 Downside Hedged ETF

A number of hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the second quarter worth about $168,000. Highland Investment Advisors LLC purchased a new position in Invesco S&P 500 Downside Hedged ETF during the second quarter valued at approximately $47,000. January Capital Advisors LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the first quarter valued at approximately $935,000. First Growth Capital LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at approximately $953,000. Finally, Axxcess Wealth Management LLC purchased a new stake in Invesco S&P 500 Downside Hedged ETF in the 4th quarter worth approximately $679,000.

About Invesco S&P 500 Downside Hedged ETF

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.