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

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 275,473 shares, a growth of 120.8% from the April 30th total of 124,780 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 653,946 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Founders Financial Alliance LLC grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 354.9% in the 3rd quarter. Founders Financial Alliance LLC now owns 514 shares of the company’s stock worth $25,000 after buying an additional 401 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth $29,000. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth $39,000. Financial Life Planners purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth $45,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth $47,000.

Invesco S&P 500 Pure Growth ETF Trading Up 0.9%

RPG traded up $0.55 during trading on Monday, hitting $60.67. 370,403 shares of the company traded hands, compared to its average volume of 426,914. The company has a market cap of $2.11 billion, a PE ratio of 24.25 and a beta of 1.21. The stock’s 50-day simple moving average is $53.42 and its two-hundred day simple moving average is $49.83. Invesco S&P 500 Pure Growth ETF has a 1 year low of $42.38 and a 1 year high of $60.92.

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.