Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Down 55.8% in April

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 124,780 shares, a decline of 55.8% from the April 15th total of 282,197 shares. Based on an average daily trading volume, of 477,049 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

Several large investors have recently modified their holdings of RPG. Global View Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the second quarter worth approximately $9,291,000. Trinity Wealth Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth $6,687,000. Private Advisor Group LLC raised its position in Invesco S&P 500 Pure Growth ETF by 195.9% in the first quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock worth $9,802,000 after acquiring an additional 138,834 shares in the last quarter. One Capital Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the third quarter worth $5,579,000. Finally, Summit Wealth Group LLC Co. purchased a new position in Invesco S&P 500 Pure Growth ETF in the fourth quarter worth $5,368,000.

Invesco S&P 500 Pure Growth ETF Stock Performance

NYSEARCA RPG traded down $1.04 on Friday, reaching $57.00. The stock had a trading volume of 518,623 shares, compared to its average volume of 411,551. Invesco S&P 500 Pure Growth ETF has a 12-month low of $41.69 and a 12-month high of $58.48. The business’s 50-day moving average price is $51.26 and its 200 day moving average price is $48.97. The stock has a market cap of $1.98 billion, a P/E ratio of 24.25 and a beta of 1.21.

Invesco S&P 500 Pure Growth ETF Company Profile

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.