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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 6,987 shares, a decrease of 89.5% from the December 31st total of 66,813 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 92,081 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 92,081 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Invesco S&P 500 GARP ETF Stock Down 0.1%

NYSEARCA:SPGP traded down $0.07 during midday trading on Wednesday, hitting $115.84. The stock had a trading volume of 94,717 shares, compared to its average volume of 86,868. Invesco S&P 500 GARP ETF has a one year low of $84.13 and a one year high of $117.90. The stock has a 50-day moving average of $114.34 and a 200 day moving average of $112.64. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.90 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPGP. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 GARP ETF in the second quarter worth about $34,000. Root Financial Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the third quarter worth about $36,000. GGM Financials LLC purchased a new stake in Invesco S&P 500 GARP ETF in the third quarter valued at approximately $42,000. Optiver Holding B.V. acquired a new position in Invesco S&P 500 GARP ETF in the 3rd quarter worth approximately $65,000. Finally, Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $78,000.

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.