Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Rises By 86.4%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 13,025 shares, a growth of 86.4% from the January 15th total of 6,987 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 83,677 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 83,677 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Invesco S&P 500 GARP ETF Stock Up 0.4%

Shares of SPGP stock traded up $0.51 during trading hours on Friday, reaching $114.55. 52,320 shares of the company’s stock were exchanged, compared to its average volume of 86,807. Invesco S&P 500 GARP ETF has a fifty-two week low of $84.13 and a fifty-two week high of $118.08. The stock has a market capitalization of $2.39 billion, a P/E ratio of 16.90 and a beta of 1.00. The business has a fifty day moving average price of $115.51 and a 200-day moving average price of $113.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at about $34,000. Root Financial Partners LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 3rd quarter worth approximately $36,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $38,000. GGM Financials LLC bought a new stake in shares of Invesco S&P 500 GARP ETF during the third quarter valued at approximately $42,000. Finally, Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 GARP ETF in the third quarter valued at $65,000.

About Invesco S&P 500 GARP ETF

(Get Free Report)

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.

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