Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Significant Increase in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 158,927 shares, a growth of 151.6% from the July 30th total of 63,162 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 107,872 shares, the days-to-cover ratio is currently 1.5 days.

Invesco S&P 500 GARP ETF Trading Down 0.4%

Shares of SPGP traded down $0.54 during midday trading on Friday, reaching $126.85. The stock had a trading volume of 42,083 shares, compared to its average volume of 87,985. The firm has a market cap of $2.28 billion, a PE ratio of 16.90 and a beta of 0.95. The firm has a 50 day simple moving average of $124.94 and a 200-day simple moving average of $118.48. Invesco S&P 500 GARP ETF has a one year low of $103.86 and a one year high of $129.64.

Institutional Trading of Invesco S&P 500 GARP ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its stake in Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after acquiring an additional 88 shares during the period. Walled Lake Planning & Wealth Management LLC increased its position in shares of Invesco S&P 500 GARP ETF by 1.4% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after purchasing an additional 88 shares during the period. Visionary Wealth Advisors increased its position in shares of Invesco S&P 500 GARP ETF by 0.8% in the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock worth $1,827,000 after purchasing an additional 128 shares during the period. Strategic Wealth Partners Ltd. raised its stake in Invesco S&P 500 GARP ETF by 2.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock valued at $583,000 after purchasing an additional 129 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Invesco S&P 500 GARP ETF by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,281 shares of the company’s stock valued at $487,000 after purchasing an additional 134 shares in the last quarter.

About Invesco S&P 500 GARP ETF

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.