Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Short Interest Down 43.7% in July

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 703 shares, a decline of 43.7% from the June 30th total of 1,249 shares. Based on an average trading volume of 8,606 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Invesco S&P MidCap 400 GARP ETF Trading Down 0.8%

Shares of GRPM stock traded down $1.16 during mid-day trading on Thursday, reaching $135.82. The stock had a trading volume of 2,795 shares, compared to its average volume of 16,818. The business’s fifty day moving average is $129.97 and its 200-day moving average is $125.00. The firm has a market cap of $487.59 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $111.60 and a 1-year high of $138.28.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

A number of large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P MidCap 400 GARP ETF by 507.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock worth $84,332,000 after buying an additional 587,112 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $55,433,000. GW Henssler & Associates Ltd. acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the fourth quarter worth $20,222,000. Bank of America Corp DE increased its stake in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% in the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock worth $17,044,000 after acquiring an additional 47,957 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 3.8% during the fourth quarter. LPL Financial LLC now owns 127,504 shares of the company’s stock worth $15,302,000 after purchasing an additional 4,709 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.