Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Shares Shorted: Short Interest Up 6,076.5% in September

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 77,577 shares, an increase of 6,076.5% from the August 31st total of 1,256 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 16,783 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

Hedge funds have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 0.7% during the second quarter. Concurrent Investment Advisors LLC now owns 16,035 shares of the company’s stock worth $2,087,000 after purchasing an additional 110 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Invesco S&P MidCap 400 GARP ETF by 27.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after acquiring an additional 151 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Invesco S&P MidCap 400 GARP ETF by 0.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 27,185 shares of the company’s stock valued at $3,539,000 after purchasing an additional 157 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 0.9% during the fourth quarter. Thoroughbred Financial Services LLC now owns 28,908 shares of the company’s stock worth $3,469,000 after buying an additional 259 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in Invesco S&P MidCap 400 GARP ETF by 2.4% during the 1st quarter. Sigma Planning Corp now owns 11,835 shares of the company’s stock worth $1,399,000 after acquiring an additional 277 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of GRPM traded down $1.00 on Thursday, reaching $136.58. 6,166 shares of the stock traded hands, compared to its average volume of 15,087. The stock’s 50-day moving average price is $140.23 and its 200-day moving average price is $130.34. The firm has a market cap of $495.79 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 12 month low of $112.44 and a 12 month high of $146.45.

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.