Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Increase in Short Interest

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 331,983 shares, a growth of 101.3% from the August 31st total of 164,921 shares. Based on an average daily volume of 301,901 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the shares of the company are sold short.

Invesco S&P 500 Pure Growth ETF Trading Up 1.1%

NYSEARCA RPG traded up $0.62 during trading hours on Tuesday, hitting $58.69. 180,474 shares of the company’s stock traded hands, compared to its average volume of 497,362. Invesco S&P 500 Pure Growth ETF has a 52 week low of $43.41 and a 52 week high of $64.06. The firm has a market capitalization of $1.93 billion, a P/E ratio of 24.25 and a beta of 1.21. The business’s fifty day moving average price is $57.60 and its two-hundred day moving average price is $56.35.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

A number of hedge funds have recently modified their holdings of the business. Financial Life Planners bought a new position in Invesco S&P 500 Pure Growth ETF in the 1st quarter worth $44,000. First Command Advisory Services Inc. purchased a new stake in Invesco S&P 500 Pure Growth ETF in the fourth quarter worth about $54,000. International Assets Investment Management LLC increased its position in Invesco S&P 500 Pure Growth ETF by 79.7% in the first quarter. International Assets Investment Management LLC now owns 1,125 shares of the company’s stock worth $54,000 after buying an additional 499 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the first quarter worth about $108,000. Finally, Advisortrust Partners LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the first quarter worth about $117,000.

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.