PHDG Stock Summary and Trading Ideas (Invesco S&P 500 Downside Hedged ETF | ARCA:PHDG)

The Invesco S&P 500 Downside Hedged ETF (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Invesco S&P 500 Downside Hedged ETF trades on the ARCA stock market under the symbol PHDG.

As of April 18, 2024, PHDG stock price declined to $35.38 with 1,013 million shares trading.

PHDG has a beta of 0.66, meaning it tends to be less sensitive to market movements. PHDG has a correlation of 0.79 to the broad based SPY ETF.

PHDG has a market cap of $113.22 million. This is considered a Micro Cap stock.

In the last 3 years, PHDG stock traded as high as $38.54 and as low as $30.08.

PHDG has underperformed the market in the last year with a return of +9.3%, while the SPY ETF gained +22.3%. In the last 3 month period, PHDG fell short of the market, returning +4.3%, while SPY returned +6.1%. However, in the most recent 2 weeks PHDG has outperformed the stock market by returning -3.2%, while SPY returned -3.8%.

PHDG support price is $35.09 and resistance is $35.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHDG stock will trade within this expected range on the day.