Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Expands By 98.0%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 29,121 shares, an increase of 98.0% from the June 15th total of 14,709 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 63,932 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC raised its stake in Invesco S&P 500 GARP ETF by 1.4% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after purchasing an additional 88 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after buying an additional 88 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 GARP ETF by 4.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock worth $283,000 after buying an additional 100 shares during the last quarter. Visionary Wealth Advisors raised its position in shares of Invesco S&P 500 GARP ETF by 0.8% during the 2nd quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after buying an additional 128 shares during the period. Finally, Strategic Wealth Partners Ltd. lifted its holdings in Invesco S&P 500 GARP ETF by 2.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock valued at $583,000 after acquiring an additional 129 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Down 0.2%

Shares of SPGP opened at $122.99 on Thursday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a 52 week low of $103.86 and a 52 week high of $125.47. The stock’s 50-day moving average price is $120.23 and its 200-day moving average price is $116.17.

Invesco S&P 500 GARP ETF Company Profile

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.