Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Update

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,205 shares, a decline of 92.0% from the June 15th total of 15,024 shares. Based on an average trading volume of 8,858 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RFG. Ballast Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth approximately $36,000. Robinswood Financial LLC purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 1st quarter valued at approximately $42,000. Royal Bank of Canada boosted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 26.7% during the first quarter. Royal Bank of Canada now owns 28,127 shares of the company’s stock valued at $1,542,000 after purchasing an additional 5,921 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 27,003 shares of the company’s stock valued at $1,480,000 after purchasing an additional 2,126 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the first quarter worth $755,000.

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

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded down $0.64 during trading on Friday, reaching $61.46. 2,967 shares of the stock were exchanged, compared to its average volume of 10,584. The stock’s fifty day moving average is $62.55 and its 200 day moving average is $58.54. The firm has a market cap of $347.25 million, a price-to-earnings ratio of 20.52 and a beta of 1.11. Invesco S&P MidCap 400 Pure Growth ETF has a 1 year low of $48.82 and a 1 year high of $64.81.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

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.