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

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,249 shares, a drop of 75.6% from the June 15th total of 5,119 shares. Based on an average daily trading volume, of 8,492 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Invesco S&P MidCap 400 GARP ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mariner LLC increased its stake in shares of Invesco S&P MidCap 400 GARP ETF by 2.3% in the third quarter. Mariner LLC now owns 4,376 shares of the company’s stock valued at $528,000 after buying an additional 98 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Invesco S&P MidCap 400 GARP ETF by 27.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after acquiring an additional 151 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Invesco S&P MidCap 400 GARP ETF by 0.5% during the 3rd quarter. Raymond James Financial Inc. now owns 39,255 shares of the company’s stock worth $4,735,000 after acquiring an additional 205 shares during the last quarter. Truist Financial Corp increased its position in Invesco S&P MidCap 400 GARP ETF by 1.6% in the 4th quarter. Truist Financial Corp now owns 13,448 shares of the company’s stock valued at $1,614,000 after acquiring an additional 208 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 0.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 28,908 shares of the company’s stock valued at $3,469,000 after acquiring an additional 259 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Trading Up 0.1%

GRPM stock traded up $0.15 during trading on Friday, reaching $132.31. 9,306 shares of the stock were exchanged, compared to its average volume of 17,722. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $109.56 and a twelve month high of $133.95. The company has a market capitalization of $478.96 million, a P/E ratio of 13.88 and a beta of 1.01. The stock has a 50 day simple moving average of $128.04 and a 200-day simple moving average of $123.96.

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.