Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Significant Increase in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,119 shares, a growth of 750.3% from the May 31st total of 602 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,785 shares, the days-to-cover ratio is currently 0.7 days.

Invesco S&P MidCap 400 GARP ETF Trading Up 1.7%

GRPM stock traded up $2.20 during trading hours on Friday, hitting $129.47. 6,262 shares of the stock were exchanged, compared to its average volume of 18,314. The firm has a market capitalization of $501.05 million, a P/E ratio of 13.88 and a beta of 1.01. The company has a 50-day simple moving average of $126.71 and a two-hundred day simple moving average of $123.23. Invesco S&P MidCap 400 GARP ETF has a 12 month low of $108.38 and a 12 month high of $131.28.

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

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P MidCap 400 GARP ETF by 507.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock worth $84,332,000 after buying an additional 587,112 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at $55,433,000. GW Henssler & Associates Ltd. bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at $20,222,000. Bank of America Corp DE grew its holdings in shares of 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 worth $17,044,000 after purchasing an additional 47,957 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 127,504 shares of the company’s stock worth $15,302,000 after purchasing an additional 4,709 shares in the last quarter.

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.