Short Interest in Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Increases By 196.8%

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,579 shares, an increase of 196.8% from the May 14th total of 1,206 shares. Based on an average daily volume of 2,380 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

Several hedge funds have recently bought and sold shares of the stock. Global View Capital Management LLC purchased a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter worth approximately $1,085,000. Horizon Family Wealth Inc. raised its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 215.2% during the fourth quarter. Horizon Family Wealth Inc. now owns 72,604 shares of the company’s stock worth $3,948,000 after acquiring an additional 49,568 shares in the last quarter. Lion Street Advisors LLC purchased a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF during the third quarter worth approximately $67,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 15.7% during the first quarter. Cetera Investment Advisers now owns 5,921 shares of the company’s stock worth $337,000 after acquiring an additional 804 shares in the last quarter. Finally, IMC Chicago LLC raised its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 290.7% during the first quarter. IMC Chicago LLC now owns 22,786 shares of the company’s stock worth $1,298,000 after acquiring an additional 34,733 shares in the last quarter.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Performance

Invesco S&P SmallCap 600 Pure Growth ETF stock traded up $0.59 during mid-day trading on Friday, hitting $67.77. 2,025 shares of the company traded hands, compared to its average volume of 5,590. Invesco S&P SmallCap 600 Pure Growth ETF has a one year low of $48.39 and a one year high of $68.20. The stock has a market cap of $128.76 million, a price-to-earnings ratio of 18.78 and a beta of 1.15. The stock has a fifty day moving average price of $63.25 and a 200-day moving average price of $59.10.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.