Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Drop in Short Interest

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 166,893 shares, a decline of 49.7% from the September 15th total of 331,983 shares. Based on an average daily trading volume, of 242,524 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marquette Asset Management LLC acquired a new position in Invesco S&P 500 Pure Growth ETF during the third quarter worth $40,440,000. Royal Bank of Canada grew its position in shares of Invesco S&P 500 Pure Growth ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock valued at $15,790,000 after purchasing an additional 10,262 shares during the period. Arkadios Wealth Advisors lifted 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 acquiring an additional 23,389 shares during the period. Trinity Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 18.3% during the 2nd quarter. Trinity Wealth Management LLC now owns 169,218 shares of the company’s stock worth $10,805,000 after buying an additional 26,158 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in Invesco S&P 500 Pure Growth ETF by 195.9% during the first quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after buying an additional 138,834 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Price Performance

Shares of RPG traded down $1.79 during mid-day trading on Friday, reaching $54.43. The company’s stock had a trading volume of 275,752 shares, compared to its average volume of 480,531. Invesco S&P 500 Pure Growth ETF has a 12-month low of $43.41 and a 12-month high of $64.06. The company’s 50 day moving average is $58.07 and its 200 day moving average is $57.35. The stock has a market cap of $1.79 billion, a PE ratio of 24.25 and a beta of 1.21.

Invesco S&P 500 Pure Growth ETF Company Profile

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.