Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Large Decrease in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 703 shares, a drop of 43.7% from the June 30th total of 1,249 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,606 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P MidCap 400 GARP ETF Stock Up 1.0%

Shares of GRPM stock traded up $1.35 during trading hours on Wednesday, reaching $138.28. 5,193 shares of the stock traded hands, compared to its average volume of 16,909. The business has a fifty day moving average price of $129.76 and a 200 day moving average price of $124.91. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $111.60 and a 1-year high of $138.28. The firm has a market capitalization of $497.81 million, a PE ratio of 13.88 and a beta of 1.01.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRPM. Mariner LLC raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.3% during the third quarter. Mariner LLC now owns 4,376 shares of the company’s stock worth $528,000 after acquiring an additional 98 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Invesco S&P MidCap 400 GARP ETF by 27.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after buying an additional 151 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% in the 3rd quarter. Raymond James Financial Inc. now owns 39,255 shares of the company’s stock valued at $4,735,000 after acquiring an additional 205 shares in the last quarter. Truist Financial Corp raised its position in shares of Invesco S&P MidCap 400 GARP ETF by 1.6% in the fourth quarter. Truist Financial Corp now owns 13,448 shares of the company’s stock valued at $1,614,000 after purchasing an additional 208 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its position in Invesco S&P MidCap 400 GARP ETF by 0.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 28,908 shares of the company’s stock worth $3,469,000 after acquiring an additional 259 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.