Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Up 192.7% in June

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 218,088 shares, an increase of 192.7% from the May 31st total of 74,502 shares. Based on an average trading volume of 852,960 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RPG. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at about $29,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $39,000. Financial Life Planners bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter worth about $44,000. Aventura Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter worth approximately $47,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter worth approximately $54,000.

Invesco S&P 500 Pure Growth ETF Stock Up 1.6%

Shares of RPG stock traded up $0.98 during trading hours on Tuesday, hitting $63.43. 201,808 shares of the company’s stock traded hands, compared to its average volume of 480,970. The stock has a market cap of $2.21 billion, a PE ratio of 24.25 and a beta of 1.22. The stock’s 50 day simple moving average is $58.24 and its 200 day simple moving average is $51.99. Invesco S&P 500 Pure Growth ETF has a 12 month low of $43.41 and a 12 month high of $63.72.

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.