Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Update

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 20,854 shares, a drop of 86.9% from the August 15th total of 158,927 shares. Based on an average trading volume of 65,335 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco S&P 500 GARP ETF Trading Up 1.0%

Shares of NYSEARCA:SPGP opened at $122.61 on Friday. The company has a 50 day moving average of $125.36 and a 200 day moving average of $119.04. The stock has a market cap of $2.20 billion, a P/E ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $129.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares during the period. Royal Bank of Canada boosted its stake in Invesco S&P 500 GARP ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 179,510 shares of the company’s stock valued at $19,318,000 after buying an additional 2,312 shares during the period. Coastal Bridge Advisors LLC boosted its stake in Invesco S&P 500 GARP ETF by 0.4% during the fourth quarter. Coastal Bridge Advisors LLC now owns 169,779 shares of the company’s stock valued at $19,331,000 after buying an additional 686 shares during the period. BNP Paribas Financial Markets grew its position in Invesco S&P 500 GARP ETF by 115.6% during the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after buying an additional 69,709 shares in the last quarter. Finally, WESCAP Management Group Inc. grew its position in Invesco S&P 500 GARP ETF by 4.6% during the fourth quarter. WESCAP Management Group Inc. now owns 121,827 shares of the company’s stock worth $13,871,000 after buying an additional 5,355 shares in the last quarter.

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.