Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Up 192.7% in June

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 218,088 shares, a growth of 192.7% from the May 31st total of 74,502 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 852,960 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock worth $448,000 after purchasing an additional 242 shares during the last quarter. Lido Advisors LLC lifted its stake in Invesco S&P 500 Pure Growth ETF by 1.8% in the 4th quarter. Lido Advisors LLC now owns 13,546 shares of the company’s stock valued at $646,000 after purchasing an additional 242 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Invesco S&P 500 Pure Growth ETF by 5.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,890 shares of the company’s stock worth $228,000 after purchasing an additional 250 shares during the period. IFP Advisors Inc grew its holdings in Invesco S&P 500 Pure Growth ETF by 5.2% during the third quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock worth $293,000 after purchasing an additional 302 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. increased its position in Invesco S&P 500 Pure Growth ETF by 4.8% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,062 shares of the company’s stock worth $330,000 after buying an additional 325 shares during the last quarter.

Invesco S&P 500 Pure Growth ETF Trading Down 2.5%

Shares of Invesco S&P 500 Pure Growth ETF stock traded down $1.56 on Friday, reaching $61.39. 572,824 shares of the company were exchanged, compared to its average volume of 481,321. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 24.25 and a beta of 1.22. Invesco S&P 500 Pure Growth ETF has a one year low of $43.41 and a one year high of $63.72. The company has a 50-day moving average of $58.04 and a 200 day moving average of $51.84.

Invesco S&P 500 Pure Growth ETF Company Profile

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.