Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Down 56.0% in June

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 95,971 shares, a drop of 56.0% from the June 15th total of 218,088 shares. Based on an average trading volume of 635,616 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RPG. Diversify Advisory Services LLC acquired a new position in Invesco S&P 500 Pure Growth ETF in the second quarter valued at about $471,000. Quantinno Capital Management LP acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at approximately $687,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at approximately $266,000. Truefg LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 2nd quarter worth approximately $273,000. Finally, Corient Private Wealth LLC boosted its stake in Invesco S&P 500 Pure Growth ETF by 2.8% during the 2nd quarter. Corient Private Wealth LLC now owns 66,359 shares of the company’s stock worth $3,037,000 after acquiring an additional 1,819 shares during the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Performance

RPG traded up $1.06 during trading on Tuesday, reaching $59.85. 152,650 shares of the company’s stock were exchanged, compared to its average volume of 491,778. The company’s fifty day moving average price is $59.59 and its 200-day moving average price is $52.93. Invesco S&P 500 Pure Growth ETF has a fifty-two week low of $43.41 and a fifty-two week high of $64.06. The firm has a market capitalization of $2.18 billion, a PE ratio of 24.25 and a beta of 1.21.

About Invesco S&P 500 Pure Growth ETF

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). 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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.