Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Short Interest Update

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,316 shares, a drop of 61.8% from the July 30th total of 8,672 shares. Based on an average daily volume of 11,387 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Down 0.6%

Shares of NYSEARCA:RZG traded down $0.43 during mid-day trading on Friday, reaching $68.08. 14,809 shares of the stock were exchanged, compared to its average volume of 9,097. The stock’s 50 day simple moving average is $69.92 and its 200-day simple moving average is $64.26. Invesco S&P SmallCap 600 Pure Growth ETF has a one year low of $50.95 and a one year high of $73.24. The company has a market cap of $136.84 million, a P/E ratio of 18.78 and a beta of 1.13.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 1,260.7% during the 1st quarter. Jones Financial Companies Lllp now owns 4,014 shares of the company’s stock worth $188,000 after buying an additional 3,719 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 49.0% in the fourth quarter. Harbour Investments Inc. now owns 3,648 shares of the company’s stock valued at $198,000 after acquiring an additional 1,200 shares during the last quarter. Focus Financial Network Inc. bought a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the second quarter worth about $211,000. Western Wealth Management LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 5.0% during the fourth quarter. Western Wealth Management LLC now owns 4,035 shares of the company’s stock valued at $219,000 after purchasing an additional 191 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Invesco S&P SmallCap 600 Pure Growth ETF by 33.3% in the fourth quarter. Royal Bank of Canada now owns 4,332 shares of the company’s stock valued at $236,000 after purchasing an additional 1,083 shares in the last quarter.

About Invesco S&P SmallCap 600 Pure Growth ETF

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.