Short Interest in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Increases By 1,121.1%

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 14,714 shares, a growth of 1,121.1% from the June 30th total of 1,205 shares. Based on an average daily volume of 6,024 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the company’s shares are sold short.

Invesco S&P MidCap 400 Pure Growth ETF Price Performance

NYSEARCA RFG traded down $0.67 on Friday, hitting $60.60. 2,070 shares of the company were exchanged, compared to its average volume of 10,069. The company’s 50 day moving average price is $62.32 and its 200-day moving average price is $59.05. The firm has a market capitalization of $344.21 million, a P/E ratio of 20.52 and a beta of 1.11. Invesco S&P MidCap 400 Pure Growth ETF has a twelve month low of $49.19 and a twelve month high of $64.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 3rd quarter valued at approximately $1,563,000. Citadel Advisors LLC purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 3rd quarter worth approximately $971,000. Tempo Wealth LLC purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 4th quarter worth approximately $889,000. M Holdings Securities Inc. acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 4th quarter valued at $737,000. Finally, Independent Financial Group LLC acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter valued at $755,000.

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.