Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Up 8,178.4% in January

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 17,219 shares, a growth of 8,178.4% from the January 15th total of 208 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 18,407 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 18,407 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth about $1,563,000. Citadel Advisors LLC acquired a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 3rd quarter valued at about $971,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 38.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 61,005 shares of the company’s stock valued at $2,974,000 after purchasing an additional 17,079 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 2nd quarter worth approximately $790,000. Finally, M Holdings Securities Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the second quarter worth approximately $681,000.

Invesco S&P MidCap 400 Pure Growth ETF Trading Down 1.0%

NYSEARCA RFG traded down $0.57 on Tuesday, hitting $56.82. 4,799 shares of the company were exchanged, compared to its average volume of 12,200. The company has a market cap of $313.65 million, a PE ratio of 20.52 and a beta of 1.11. The stock has a fifty day moving average of $54.47 and a 200-day moving average of $52.18. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $37.89 and a 12 month high of $57.53.

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.