Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Up 8,178.4% in January

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 17,219 shares, a growth of 8,178.4% from the January 15th total of 208 shares. Based on an average daily volume of 18,407 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 18,407 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RFG. American Institute for Advanced Investment Management LLP boosted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 3.1% in the 2nd quarter. American Institute for Advanced Investment Management LLP now owns 6,662 shares of the company’s stock worth $325,000 after purchasing an additional 200 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 4.8% in the third quarter. Fiduciary Alliance LLC now owns 4,514 shares of the company’s stock valued at $230,000 after purchasing an additional 205 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 2.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,405 shares of the company’s stock worth $575,000 after buying an additional 263 shares during the period. Stephens Inc. AR boosted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.2% during the third quarter. Stephens Inc. AR now owns 23,700 shares of the company’s stock worth $1,207,000 after buying an additional 280 shares during the period. Finally, CWM LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 149.0% during the third quarter. CWM LLC now owns 498 shares of the company’s stock worth $25,000 after buying an additional 298 shares in the last quarter.

Invesco S&P MidCap 400 Pure Growth ETF Stock Down 1.0%

NYSEARCA RFG traded down $0.57 on Tuesday, reaching $56.82. The company had a trading volume of 4,799 shares, compared to its average volume of 12,200. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $37.89 and a 52 week high of $57.53. The stock’s 50 day moving average is $54.47 and its 200-day moving average is $52.18. The stock has a market cap of $313.65 million, a price-to-earnings ratio of 20.52 and a beta of 1.11.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.