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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 158,927 shares, a growth of 151.6% from the July 30th total of 63,162 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 107,872 shares, the short-interest ratio is presently 1.5 days.

Invesco S&P 500 GARP ETF Stock Down 0.4%

Invesco S&P 500 GARP ETF stock opened at $126.85 on Friday. The stock has a market cap of $2.28 billion, a P/E ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a twelve month low of $103.86 and a twelve month high of $129.64. The company’s 50-day moving average price is $124.94 and its two-hundred day moving average price is $118.48.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new position in Invesco S&P 500 GARP ETF in the second quarter valued at approximately $34,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth $38,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $58,000. Merkkuri Wealth Advisors LLC bought a new stake in Invesco S&P 500 GARP ETF during the 1st quarter worth $87,000. Finally, National Bank of Canada FI grew its position in Invesco S&P 500 GARP ETF by 56.6% during the 3rd quarter. National Bank of Canada FI now owns 830 shares of the company’s stock worth $94,000 after acquiring an additional 300 shares during the last quarter.

Invesco S&P 500 GARP ETF Company Profile

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.