Short Interest in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Decreases By 96.9%

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 459 shares, a decline of 96.9% from the July 15th total of 14,714 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,297 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $0.10 on Tuesday, reaching $63.02. 4,101 shares of the company’s stock were exchanged, compared to its average volume of 9,879. The company has a market capitalization of $357.95 million, a P/E ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $49.19 and a 52 week high of $64.81. The firm’s 50-day moving average is $62.08 and its two-hundred day moving average is $59.52.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Evolution Wealth Management Inc. acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the first quarter worth $27,000. Ballast Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at about $36,000. Robinswood Financial LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth about $42,000. Blair William & Co. IL boosted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 224.2% during the 4th quarter. Blair William & Co. IL now owns 859 shares of the company’s stock worth $45,000 after purchasing an additional 594 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock valued at $45,000 after buying an additional 825 shares during the period.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index.