Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Update

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 194,465 shares, an increase of 172.7% from the July 15th total of 71,309 shares. Based on an average trading volume of 784,293 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RPG. Global View Capital Management LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the second quarter worth approximately $9,291,000. Trinity Wealth Management LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the first quarter valued at $6,687,000. Private Advisor Group LLC lifted its position in shares of Invesco S&P 500 Pure Growth ETF by 195.9% during the 1st quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after acquiring an additional 138,834 shares during the last quarter. One Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at $5,579,000. Finally, Summit Wealth Group LLC Co. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter valued at $5,368,000.

Invesco S&P 500 Pure Growth ETF Stock Performance

NYSEARCA RPG traded up $0.38 on Friday, reaching $60.19. The company’s stock had a trading volume of 305,977 shares, compared to its average volume of 537,001. Invesco S&P 500 Pure Growth ETF has a twelve month low of $43.41 and a twelve month high of $64.06. The firm’s 50 day moving average is $59.33 and its two-hundred day moving average is $54.49. The stock has a market cap of $2.15 billion, a PE ratio of 24.25 and a beta of 1.21.

About Invesco S&P 500 Pure Growth ETF

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.