Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Sees Significant Drop in Short Interest

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 461 shares, a decline of 42.2% from the June 30th total of 797 shares. Based on an average trading volume of 1,127 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are sold short.

Invesco S&P SmallCap 600 GARP ETF Stock Performance

NYSEARCA GRPZ remained flat at $32.95 during trading hours on Wednesday. 224 shares of the company were exchanged, compared to its average volume of 492. The company’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $29.41. The firm has a market capitalization of $3.30 million, a PE ratio of 12.58 and a beta of 0.83. Invesco S&P SmallCap 600 GARP ETF has a 1-year low of $24.81 and a 1-year high of $33.39.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 GARP ETF

An institutional investor recently bought a new stake in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC bought a new position in shares of Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,219 shares of the company’s stock, valued at approximately $35,000. Sankala Group LLC owned approximately 1.22% of Invesco S&P SmallCap 600 GARP ETF as of its most recent SEC filing.

Invesco S&P SmallCap 600 GARP ETF Company Profile

The Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an exchange-traded fund that is based on the S&P SmallCap 600 GARP index. The fund tracks an index of US small-cap growth stocks that exhibit quality and value characteristics. GRPZ was launched on Mar 27, 2024 and is issued by Invesco.