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

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,206 shares, a decrease of 91.6% from the April 30th total of 14,364 shares. Based on an average daily trading volume, of 6,934 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Invesco S&P SmallCap 600 Pure Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the 4th quarter valued at approximately $53,000. Collier Financial acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the 3rd quarter valued at approximately $61,000. Lion Street Advisors LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the 3rd quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the 4th quarter valued at approximately $178,000. Finally, Harbour Investments Inc. increased its position in Invesco S&P SmallCap 600 Pure Growth ETF by 49.0% during the 4th quarter. Harbour Investments Inc. now owns 3,648 shares of the company’s stock valued at $198,000 after purchasing an additional 1,200 shares during the period.

Invesco S&P SmallCap 600 Pure Growth ETF Price Performance

Shares of Invesco S&P SmallCap 600 Pure Growth ETF stock remained flat at $65.08 on Wednesday. The stock had a trading volume of 1,452 shares, compared to its average volume of 5,387. The company has a fifty day moving average of $60.97 and a 200 day moving average of $58.02. Invesco S&P SmallCap 600 Pure Growth ETF has a one year low of $48.05 and a one year high of $65.71. The stock has a market capitalization of $123.65 million, a price-to-earnings ratio of 18.78 and a beta of 1.16.

About Invesco S&P SmallCap 600 Pure Growth ETF

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.