Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Large Decrease in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,987 shares, a decrease of 89.5% from the December 31st total of 66,813 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 92,081 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 92,081 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at about $34,000. Root Financial Partners LLC purchased a new stake in Invesco S&P 500 GARP ETF in the third quarter worth about $36,000. GGM Financials LLC bought a new stake in Invesco S&P 500 GARP ETF during the 3rd quarter valued at approximately $42,000. Optiver Holding B.V. bought a new stake in Invesco S&P 500 GARP ETF during the 3rd quarter valued at approximately $65,000. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $78,000.

Invesco S&P 500 GARP ETF Trading Up 0.6%

Shares of SPGP stock traded up $0.74 during trading hours on Thursday, reaching $116.58. The company’s stock had a trading volume of 102,137 shares, compared to its average volume of 87,670. Invesco S&P 500 GARP ETF has a one year low of $84.13 and a one year high of $117.90. The stock has a market capitalization of $2.46 billion, a P/E ratio of 16.90 and a beta of 1.00. The firm’s fifty day simple moving average is $114.70 and its 200 day simple moving average is $112.69.

Invesco S&P 500 GARP ETF Company Profile

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.