Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Significant Drop in Short Interest

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 95,971 shares, a decrease of 56.0% from the June 15th total of 218,088 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 635,616 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter worth $29,000. Arax Advisory Partners bought a new position in Invesco S&P 500 Pure Growth ETF in the fourth quarter valued at $39,000. Financial Life Planners bought a new stake in Invesco S&P 500 Pure Growth ETF during the 1st quarter worth about $44,000. Aventura Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth about $47,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth about $54,000.

Invesco S&P 500 Pure Growth ETF Stock Up 1.8%

Shares of NYSEARCA:RPG traded up $1.06 during mid-day trading on Tuesday, reaching $59.85. 152,650 shares of the stock were exchanged, compared to its average volume of 491,778. The stock’s 50 day simple moving average is $59.59 and its 200-day simple moving average is $52.93. Invesco S&P 500 Pure Growth ETF has a one year low of $43.41 and a one year high of $64.06. The company has a market cap of $2.18 billion, a P/E ratio of 24.25 and a beta of 1.21.

About Invesco S&P 500 Pure Growth ETF

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.