Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Update

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 15,024 shares, a growth of 135.1% from the May 31st total of 6,390 shares. Based on an average daily volume of 7,338 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.3% of the company’s shares are sold short.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

RFG traded up $0.55 during trading on Monday, reaching $63.47. The company had a trading volume of 5,819 shares, compared to its average volume of 10,752. The firm’s 50-day simple moving average is $61.97 and its 200 day simple moving average is $57.88. The company has a market cap of $356.07 million, a price-to-earnings ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 12-month low of $48.51 and a 12-month high of $64.81.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RFG. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 2.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,405 shares of the company’s stock valued at $575,000 after acquiring an additional 263 shares during the period. American Institute for Advanced Investment Management LLP boosted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 4.6% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 6,872 shares of the company’s stock worth $377,000 after purchasing an additional 300 shares during the period. Kestra Advisory Services LLC grew its position in Invesco S&P MidCap 400 Pure Growth ETF by 1.6% during the 4th quarter. Kestra Advisory Services LLC now owns 22,503 shares of the company’s stock worth $1,180,000 after purchasing an additional 349 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth approximately $27,000. Finally, KPP Advisory Services LLC raised its stake in Invesco S&P MidCap 400 Pure Growth ETF by 1.7% during the 4th quarter. KPP Advisory Services LLC now owns 30,585 shares of the company’s stock valued at $1,604,000 after purchasing an additional 515 shares during the period.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.