Short Interest in Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Drops By 72.5%

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 127 shares, a decline of 72.5% from the July 15th total of 461 shares. Based on an average trading volume of 441 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 GARP ETF

An institutional investor recently bought a new position in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC purchased a new stake in Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 at the end of the most recent reporting period.

Invesco S&P SmallCap 600 GARP ETF Price Performance

NYSEARCA GRPZ opened at $33.19 on Thursday. Invesco S&P SmallCap 600 GARP ETF has a twelve month low of $25.13 and a twelve month high of $33.86. The stock has a market cap of $3.32 million, a P/E ratio of 12.58 and a beta of 0.83. The company’s 50-day simple moving average is $31.88 and its 200 day simple moving average is $29.80.

About Invesco S&P SmallCap 600 GARP ETF

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.