Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Sees Large Increase in Short Interest

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 797 shares, an increase of 335.5% from the June 15th total of 183 shares. Based on an average daily volume of 2,746 shares, the short-interest ratio is currently 0.3 days. Approximately 1.0% of the shares of the company are short sold.

Invesco S&P SmallCap 600 GARP ETF Stock Performance

NYSEARCA:GRPZ traded down $0.03 during trading hours on Monday, reaching $32.23. The stock had a trading volume of 231 shares, compared to its average volume of 470. The stock has a 50 day simple moving average of $30.51 and a 200 day simple moving average of $29.01. Invesco S&P SmallCap 600 GARP ETF has a 12-month low of $24.81 and a 12-month high of $33.39. The stock has a market cap of $3.22 million, a P/E ratio of 12.58 and a beta of 0.83.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 GARP ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC acquired a new stake in shares of Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,219 shares of the company’s stock, valued at approximately $35,000. Sankala Group LLC owned about 1.22% of Invesco S&P SmallCap 600 GARP ETF as of its most recent SEC filing.

Invesco S&P SmallCap 600 GARP ETF Company Profile

The Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an exchange-traded fund that is based on the S&P SmallCap 600 GARP index. The fund tracks an index of US small-cap growth stocks that exhibit quality and value characteristics. GRPZ was launched on Mar 27, 2024 and is issued by Invesco.