Short Interest in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Grows By 439.0%

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,148 shares, a growth of 439.0% from the July 30th total of 584 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,658 shares, the days-to-cover ratio is currently 0.6 days.

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

Several institutional investors have recently added to or reduced their stakes in GRPM. Sankala Group LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth about $46,000. Root Financial Partners LLC boosted its stake in Invesco S&P MidCap 400 GARP ETF by 321.3% in the fourth quarter. Root Financial Partners LLC now owns 691 shares of the company’s stock valued at $83,000 after acquiring an additional 527 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Invesco S&P MidCap 400 GARP ETF by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after acquiring an additional 151 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 2nd quarter valued at approximately $201,000. Finally, NewEdge Advisors LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 925.3% during the 2nd quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock valued at $301,000 after acquiring an additional 2,489 shares during the period.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of Invesco S&P MidCap 400 GARP ETF stock opened at $144.16 on Wednesday. The firm has a market cap of $511.77 million, a PE ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 1 year low of $112.44 and a 1 year high of $144.60. The stock has a fifty day moving average price of $135.20 and a 200-day moving average price of $127.52.

About Invesco S&P MidCap 400 GARP ETF

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.