Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Shares Shorted: Short Interest Down 95.8% in September

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 3,244 shares, a drop of 95.8% from the September 15th total of 77,577 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,915 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco S&P MidCap 400 GARP ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sankala Group LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF during the fourth quarter valued at approximately $46,000. Rockefeller Capital Management L.P. grew its stake in Invesco S&P MidCap 400 GARP ETF by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after purchasing an additional 151 shares in the last quarter. Main Street Group LTD increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% during the 1st quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock worth $364,000 after purchasing an additional 1,331 shares during the last quarter. SeedSafe Financial LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 2nd quarter worth approximately $425,000. Finally, Fortune Financial Group Inc. bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $504,000.

Invesco S&P MidCap 400 GARP ETF Price Performance

NYSEARCA:GRPM traded up $0.61 on Friday, hitting $138.86. 3,199 shares of the company’s stock were exchanged, compared to its average volume of 14,786. The firm has a 50-day moving average price of $141.01 and a 200-day moving average price of $131.88. Invesco S&P MidCap 400 GARP ETF has a 52 week low of $112.44 and a 52 week high of $146.45. The company has a market cap of $506.84 million, a P/E ratio of 13.88 and a beta of 1.03.

About Invesco S&P MidCap 400 GARP ETF

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.