Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Declines By 34.9%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 13,085 shares, a decrease of 34.9% from the November 30th total of 20,111 shares. Based on an average daily volume of 81,672 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 81,672 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P 500 GARP ETF Stock Down 0.2%

Shares of NYSEARCA SPGP traded down $0.19 during midday trading on Tuesday, hitting $114.96. The company had a trading volume of 54,173 shares, compared to its average volume of 178,653. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 16.90 and a beta of 1.00. Invesco S&P 500 GARP ETF has a twelve month low of $84.13 and a twelve month high of $116.38. The business has a 50-day simple moving average of $112.75 and a two-hundred day simple moving average of $111.28.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Institutional investors have recently modified their holdings of the company. Modern Wealth Management LLC increased its stake in Invesco S&P 500 GARP ETF by 644.9% in the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock valued at $27,668,000 after purchasing an additional 210,823 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the second quarter valued at $19,560,000. BNP Paribas Financial Markets increased its position in shares of Invesco S&P 500 GARP ETF by 115.6% in the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock valued at $14,771,000 after buying an additional 69,709 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco S&P 500 GARP ETF by 915.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after buying an additional 39,392 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter worth about $4,174,000.

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.