Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Shares Shorted: Short Interest Down 42.1% in September

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 12,071 shares, a decline of 42.1% from the August 31st total of 20,854 shares. Based on an average daily volume of 68,031 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco S&P 500 GARP ETF Trading Up 0.1%

Shares of NYSEARCA:SPGP traded up $0.06 during trading on Friday, reaching $119.34. The company had a trading volume of 8,433 shares, compared to its average volume of 88,002. The company has a fifty day moving average of $124.65 and a two-hundred day moving average of $119.82. The stock has a market capitalization of $2.05 billion, a P/E ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $129.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marble Wealth LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at approximately $3,891,000. Perryman Financial Advisory Inc. AD bought a new stake in Invesco S&P 500 GARP ETF in the fourth quarter worth $3,301,000. Ascentis Independent Advisors purchased a new stake in Invesco S&P 500 GARP ETF during the 1st quarter valued at about $2,189,000. Quantum Portfolio Management LLC bought a new stake in shares of Invesco S&P 500 GARP ETF during the first quarter valued at approximately $757,000. Finally, Vise Technologies Inc. bought a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth $751,000.

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.