Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Update

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 29,121 shares, a growth of 98.0% from the June 15th total of 14,709 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 63,932 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Walled Lake Planning & Wealth Management LLC increased its position in shares of Invesco S&P 500 GARP ETF by 1.4% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after acquiring an additional 88 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after purchasing an additional 88 shares during the period. Opal Wealth Advisors LLC increased its holdings in Invesco S&P 500 GARP ETF by 4.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock valued at $283,000 after purchasing an additional 100 shares in the last quarter. Visionary Wealth Advisors raised its position in Invesco S&P 500 GARP ETF by 0.8% in the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after purchasing an additional 128 shares during the period. Finally, Strategic Wealth Partners Ltd. raised its position in Invesco S&P 500 GARP ETF by 2.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock valued at $583,000 after purchasing an additional 129 shares during the period.

Invesco S&P 500 GARP ETF Stock Down 0.6%

NYSEARCA:SPGP opened at $122.87 on Friday. The stock’s fifty day moving average is $120.47 and its two-hundred day moving average is $116.27. Invesco S&P 500 GARP ETF has a 52 week low of $103.86 and a 52 week high of $125.47. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

About Invesco S&P 500 GARP ETF

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.