Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Shares Shorted: Short Interest Up 577.6% in October

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,179 shares, a growth of 577.6% from the October 15th total of 174 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,454 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

A number of large investors have recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in Invesco S&P SmallCap 600 Pure Growth ETF during the 3rd quarter worth approximately $195,000. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the 3rd quarter valued at $1,494,000. Fifth Third Securities Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the third quarter worth $2,627,000. Focus Financial Network Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the second quarter worth $211,000. Finally, Bank of America Corp DE increased its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% in the first quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock worth $1,416,000 after acquiring an additional 836 shares during the period.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Down 1.5%

Shares of NYSEARCA:RZG traded down $0.93 during trading on Thursday, hitting $61.64. The stock had a trading volume of 1,280 shares, compared to its average volume of 7,651. Invesco S&P SmallCap 600 Pure Growth ETF has a 12-month low of $50.95 and a 12-month high of $73.24. The stock has a market capitalization of $116.50 million, a price-to-earnings ratio of 18.68 and a beta of 1.15. The stock has a 50-day simple moving average of $63.20 and a two-hundred day simple moving average of $63.71.

About Invesco S&P SmallCap 600 Pure Growth ETF

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.