Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Stock Short Interest Falls 95.8%

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,244 shares, a decrease of 95.8% from the September 15th total of 77,577 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,915 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P MidCap 400 GARP ETF Stock Performance

GRPM traded up $0.61 during trading on Friday, hitting $138.86. The stock had a trading volume of 3,199 shares, compared to its average volume of 14,786. The stock has a 50 day simple moving average of $141.01 and a two-hundred day simple moving average of $131.88. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $112.44 and a twelve month high of $146.45. The company has a market capitalization of $505.45 million, a PE ratio of 13.88 and a beta of 1.03.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sankala Group LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF during the fourth quarter valued at $46,000. Rockefeller Capital Management L.P. raised its position in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after acquiring an additional 151 shares during the period. Main Street Group LTD raised its position in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% in the first quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock worth $364,000 after acquiring an additional 1,331 shares during the period. SeedSafe Financial LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 2nd quarter worth about $425,000. Finally, Fortune Financial Group Inc. purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth about $504,000.

About Invesco S&P MidCap 400 GARP ETF

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.