Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Significant Decline in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 14,481 shares, a decline of 59.9% from the April 30th total of 36,123 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 84,317 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P 500 GARP ETF Price Performance

Shares of Invesco S&P 500 GARP ETF stock opened at $120.73 on Tuesday. The firm has a market capitalization of $2.28 billion, a PE ratio of 16.90 and a beta of 0.97. The company’s fifty day moving average price is $114.43 and its two-hundred day moving average price is $114.14. Invesco S&P 500 GARP ETF has a 52-week low of $101.13 and a 52-week high of $121.04.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPGP. Modern Wealth Management LLC grew its holdings in shares of Invesco S&P 500 GARP ETF by 644.9% in the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock worth $27,668,000 after purchasing an additional 210,823 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Invesco S&P 500 GARP ETF by 115.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after purchasing an additional 69,709 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 915.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after purchasing an additional 39,392 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter worth about $4,174,000.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.