Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Sees Significant Increase in Short Interest

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 15,024 shares, an increase of 135.1% from the May 31st total of 6,390 shares. Based on an average trading volume of 7,338 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.3% of the shares of the company are sold short.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $1.06 during trading on Tuesday, hitting $64.53. 12,083 shares of the stock were exchanged, compared to its average volume of 10,764. The stock’s fifty day moving average is $62.15 and its 200 day moving average is $58.04. The stock has a market cap of $362.01 million, a PE ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $48.51 and a 12 month high of $64.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at approximately $27,000. Ballast Advisors LLC bought a new position in Invesco S&P MidCap 400 Pure Growth ETF in the 1st quarter worth approximately $36,000. Robinswood Financial LLC acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the 1st quarter valued at approximately $42,000. Blair William & Co. IL increased its position in Invesco S&P MidCap 400 Pure Growth ETF by 224.2% in the 4th quarter. Blair William & Co. IL now owns 859 shares of the company’s stock valued at $45,000 after acquiring an additional 594 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock valued at $45,000 after acquiring an additional 825 shares in the last quarter.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.