Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Short Interest Down 43.7% in July

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 703 shares, a decrease of 43.7% from the June 30th total of 1,249 shares. Based on an average trading volume of 8,606 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

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

Several institutional investors have recently made changes to their positions in GRPM. Bank of America Corp DE boosted its position in Invesco S&P MidCap 400 GARP ETF by 49.9% during the 1st quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after purchasing an additional 47,957 shares during the period. Cetera Investment Advisers increased its stake in Invesco S&P MidCap 400 GARP ETF by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 75,046 shares of the company’s stock valued at $8,873,000 after buying an additional 1,715 shares during the period. Main Street Group LTD raised its holdings in Invesco S&P MidCap 400 GARP ETF by 76.2% during the first quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock worth $364,000 after purchasing an additional 1,331 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.4% in the first quarter. Sigma Planning Corp now owns 11,835 shares of the company’s stock valued at $1,399,000 after buying an additional 277 shares during the period. Finally, Axxcess Wealth Management LLC lifted its holdings in Invesco S&P MidCap 400 GARP ETF by 4.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 36,607 shares of the company’s stock valued at $4,328,000 after acquiring an additional 1,664 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

NYSEARCA:GRPM traded up $1.35 during mid-day trading on Wednesday, reaching $138.28. The stock had a trading volume of 5,193 shares, compared to its average volume of 16,909. The company has a market capitalization of $497.81 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. The stock’s 50 day simple moving average is $129.76 and its two-hundred day simple moving average is $124.91. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $111.60 and a 1-year high of $138.28.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.