Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Down 96.9% in July

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 459 shares, a drop of 96.9% from the July 15th total of 14,714 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,297 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Institute for Advanced Investment Management LLP grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 4.6% in the first quarter. American Institute for Advanced Investment Management LLP now owns 6,872 shares of the company’s stock valued at $377,000 after purchasing an additional 300 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Invesco S&P MidCap 400 Pure Growth ETF by 1.6% during the fourth quarter. Kestra Advisory Services LLC now owns 22,503 shares of the company’s stock valued at $1,180,000 after purchasing an additional 349 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at $27,000. KPP Advisory Services LLC lifted its position in Invesco S&P MidCap 400 Pure Growth ETF by 1.7% during the fourth quarter. KPP Advisory Services LLC now owns 30,585 shares of the company’s stock valued at $1,604,000 after purchasing an additional 515 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Invesco S&P MidCap 400 Pure Growth ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 55,788 shares of the company’s stock valued at $2,720,000 after purchasing an additional 537 shares during the last quarter.

Invesco S&P MidCap 400 Pure Growth ETF Price Performance

Shares of NYSEARCA RFG traded up $0.81 during mid-day trading on Wednesday, reaching $63.83. The company’s stock had a trading volume of 3,077 shares, compared to its average volume of 9,831. The firm has a market capitalization of $362.55 million, a PE ratio of 20.52 and a beta of 1.12. The stock has a fifty day moving average of $62.08 and a two-hundred day moving average of $59.52. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $49.19 and a 52 week high of $64.81.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.