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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 13,025 shares, a growth of 86.4% from the January 15th total of 6,987 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 83,677 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 83,677 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Invesco S&P 500 GARP ETF Trading Up 0.4%

SPGP traded up $0.51 during trading hours on Friday, hitting $114.55. 52,320 shares of the company’s stock were exchanged, compared to its average volume of 86,807. The firm has a market cap of $2.39 billion, a P/E ratio of 16.90 and a beta of 1.00. Invesco S&P 500 GARP ETF has a 12-month low of $84.13 and a 12-month high of $118.08. The firm has a 50 day moving average of $115.53 and a 200 day moving average of $113.21.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Large investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC acquired a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter worth about $859,000. Farther Finance Advisors LLC lifted its stake in Invesco S&P 500 GARP ETF by 77.9% in the third quarter. Farther Finance Advisors LLC now owns 16,783 shares of the company’s stock valued at $1,907,000 after buying an additional 7,347 shares during the period. Ethos Financial Group LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $938,000. Wedbush Securities Inc. acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $203,000. Finally, Brookstone Capital Management increased its stake in shares of Invesco S&P 500 GARP ETF by 16.6% in the 2nd quarter. Brookstone Capital Management now owns 8,574 shares of the company’s stock valued at $923,000 after acquiring an additional 1,223 shares in the last quarter.

Invesco S&P 500 GARP ETF Company Profile

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.