Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Significant Increase in Short Interest

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 14,364 shares, a growth of 513.6% from the April 15th total of 2,341 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 14,973 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RZG. Global View Capital Management LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter worth about $1,085,000. Integrity Alliance LLC. acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter worth about $257,000. Horizon Family Wealth Inc. grew its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 215.2% during the fourth quarter. Horizon Family Wealth Inc. now owns 72,604 shares of the company’s stock worth $3,948,000 after acquiring an additional 49,568 shares during the period. Harbour Investments Inc. grew its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 49.0% during the fourth quarter. Harbour Investments Inc. now owns 3,648 shares of the company’s stock worth $198,000 after acquiring an additional 1,200 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter worth about $261,000.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Up 0.3%

Shares of NYSEARCA RZG traded up $0.20 during mid-day trading on Thursday, reaching $63.93. 6,205 shares of the company were exchanged, compared to its average volume of 5,692. The stock has a market cap of $121.47 million, a price-to-earnings ratio of 18.78 and a beta of 1.16. Invesco S&P SmallCap 600 Pure Growth ETF has a 1 year low of $47.95 and a 1 year high of $65.71. The firm has a 50-day moving average of $59.85 and a 200 day moving average of $57.45.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.