Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Large Growth in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 5,119 shares, a growth of 750.3% from the May 31st total of 602 shares. Based on an average daily trading volume, of 7,785 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

Institutional investors have recently bought and sold shares of the company. Mariner LLC increased its stake in Invesco S&P MidCap 400 GARP ETF by 2.3% during the third quarter. Mariner LLC now owns 4,376 shares of the company’s stock worth $528,000 after purchasing an additional 98 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after purchasing an additional 151 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% in the third quarter. Raymond James Financial Inc. now owns 39,255 shares of the company’s stock valued at $4,735,000 after purchasing an additional 205 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 1.6% in the fourth quarter. Truist Financial Corp now owns 13,448 shares of the company’s stock valued at $1,614,000 after purchasing an additional 208 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in Invesco S&P MidCap 400 GARP ETF by 0.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 28,908 shares of the company’s stock worth $3,469,000 after buying an additional 259 shares during the period.

Invesco S&P MidCap 400 GARP ETF Trading Down 0.3%

GRPM stock opened at $127.27 on Friday. The business’s fifty day moving average price is $126.59 and its 200 day moving average price is $123.18. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $107.28 and a 12-month high of $131.28. The company has a market capitalization of $492.53 million, a PE ratio of 13.88 and a beta of 1.01.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.