SPHB Stock Summary and Trading Ideas (Invesco S&P 500 High Beta ETF | ARCA:SPHB)

The Invesco S&P 500 High Beta ETF (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a securitys price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco S&P 500 High Beta ETF trades on the ARCA stock market under the symbol SPHB.

As of April 19, 2024, SPHB stock price declined to $80.29 with 787,395 million shares trading.

SPHB has a beta of 1.59, meaning it tends to be more sensitive to market movements. SPHB has a correlation of 0.79 to the broad based SPY ETF.

SPHB has a market cap of $590.93 million. This is considered a Small Cap stock.

In the last 3 years, SPHB stock traded as high as $88.09 and as low as $54.60.

SPHB has underperformed the market in the last year with a price return of +18.2% while the SPY ETF gained +21.5%. SPHB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.8% and -5.2%, respectively, while the SPY returned +4.6% and -3.2%, respectively.

SPHB support price is $79.28 and resistance is $81.38 (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 SPHB stock will trade within this expected range on the day.