Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Up 192.7% in June

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 218,088 shares, an increase of 192.7% from the May 31st total of 74,502 shares. Based on an average daily volume of 852,960 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

A number of large investors have recently added to or reduced their stakes in RPG. Empowered Funds LLC acquired a new position in Invesco S&P 500 Pure Growth ETF in the 1st quarter valued at $242,000. Arkadios Wealth Advisors grew its holdings in shares of Invesco S&P 500 Pure Growth ETF by 9.2% during the 1st quarter. Arkadios Wealth Advisors now owns 278,865 shares of the company’s stock worth $13,034,000 after purchasing an additional 23,389 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Invesco S&P 500 Pure Growth ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock worth $15,790,000 after purchasing an additional 10,262 shares in the last quarter. Gateway Wealth Partners LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 124.3% in the first quarter. Gateway Wealth Partners LLC now owns 16,308 shares of the company’s stock worth $762,000 after purchasing an additional 9,037 shares during the period. Finally, Lido Advisors LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 48.9% in the first quarter. Lido Advisors LLC now owns 20,168 shares of the company’s stock worth $943,000 after purchasing an additional 6,622 shares during the period.

Invesco S&P 500 Pure Growth ETF Stock Down 2.5%

Shares of RPG traded down $1.56 during mid-day trading on Friday, hitting $61.39. 572,824 shares of the company’s stock were exchanged, compared to its average volume of 481,321. Invesco S&P 500 Pure Growth ETF has a 52 week low of $43.41 and a 52 week high of $63.72. The stock’s 50-day simple moving average is $58.04 and its 200-day simple moving average is $51.84. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 24.25 and a beta of 1.22.

About Invesco S&P 500 Pure Growth ETF

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). 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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.