Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 36,123 shares, a growth of 209.6% from the April 15th total of 11,666 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 63,999 shares, the short-interest ratio is presently 0.6 days.
Institutional Trading of Invesco S&P 500 GARP ETF
Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter valued at $34,000. Root Financial Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the third quarter valued at $36,000. Sarver Vrooman Wealth Advisors purchased a new position in Invesco S&P 500 GARP ETF during the fourth quarter worth about $38,000. GGM Financials LLC acquired a new stake in Invesco S&P 500 GARP ETF in the 3rd quarter worth about $42,000. Finally, Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter valued at about $58,000.
Invesco S&P 500 GARP ETF Stock Down 0.9%
Shares of SPGP traded down $1.07 during trading hours on Friday, reaching $115.97. 53,069 shares of the company traded hands, compared to its average volume of 95,939. The stock has a market capitalization of $2.19 billion, a PE ratio of 16.90 and a beta of 0.97. Invesco S&P 500 GARP ETF has a fifty-two week low of $99.49 and a fifty-two week high of $119.36. The stock has a fifty day simple moving average of $112.64 and a 200 day simple moving average of $113.65.
About Invesco S&P 500 GARP ETF
The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.
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