Short Interest in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Declines By 60.1%

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,256 shares, a decline of 60.1% from the August 15th total of 3,148 shares. Based on an average daily volume of 5,124 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of NYSEARCA GRPM traded down $0.32 during mid-day trading on Tuesday, reaching $141.17. 12,400 shares of the company’s stock were exchanged, compared to its average volume of 15,378. The company’s 50-day moving average is $139.24 and its 200-day moving average is $129.51. The firm has a market capitalization of $501.15 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 52-week low of $112.44 and a 52-week high of $146.45.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

Several large investors have recently made changes to their positions in GRPM. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P MidCap 400 GARP ETF by 507.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock valued at $84,332,000 after purchasing an additional 587,112 shares during the period. HighTower Advisors LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth $55,433,000. GW Henssler & Associates Ltd. purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth $20,222,000. Bank of America Corp DE boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% during the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock worth $17,044,000 after buying an additional 47,957 shares during the period. Finally, Asset Allocation Strategies LLC grew its stake in shares of Invesco S&P MidCap 400 GARP ETF by 50.0% in the fourth quarter. Asset Allocation Strategies LLC now owns 28,304 shares of the company’s stock valued at $3,397,000 after buying an additional 9,433 shares in 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.