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

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 331,983 shares, a growth of 101.3% from the August 31st total of 164,921 shares. Based on an average daily trading volume, of 301,901 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.

Invesco S&P 500 Pure Growth ETF Stock Performance

Shares of NYSEARCA RPG traded down $0.72 during mid-day trading on Monday, reaching $58.08. The company’s stock had a trading volume of 156,267 shares, compared to its average volume of 498,822. The stock has a 50-day moving average of $57.58 and a two-hundred day moving average of $56.29. The stock has a market capitalization of $1.91 billion, a P/E ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a 1-year low of $43.41 and a 1-year high of $64.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Life Planners acquired a new position in Invesco S&P 500 Pure Growth ETF during the first quarter worth $44,000. First Command Advisory Services Inc. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth $54,000. International Assets Investment Management LLC raised its holdings in shares of Invesco S&P 500 Pure Growth ETF by 79.7% during the 1st quarter. International Assets Investment Management LLC now owns 1,125 shares of the company’s stock worth $54,000 after acquiring an additional 499 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 1st quarter worth $108,000. Finally, Advisortrust Partners LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 1st quarter worth $117,000.

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.