Short Interest in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Decreases By 63.0%

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,297 shares, a drop of 63.0% from the February 26th total of 11,619 shares. Based on an average trading volume of 7,376 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

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

A number of institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. raised its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 74,982 shares of the company’s stock valued at $3,932,000 after buying an additional 1,419 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P MidCap 400 Pure Growth ETF by 18.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 71,973 shares of the company’s stock valued at $3,667,000 after acquiring an additional 10,968 shares during the period. UBS Group AG increased its stake in Invesco S&P MidCap 400 Pure Growth ETF by 5.5% in the third quarter. UBS Group AG now owns 63,678 shares of the company’s stock valued at $3,244,000 after acquiring an additional 3,321 shares during the period. Bank of America Corp DE raised its position in Invesco S&P MidCap 400 Pure Growth ETF by 1.0% in the second quarter. Bank of America Corp DE now owns 55,788 shares of the company’s stock worth $2,720,000 after purchasing an additional 537 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Invesco S&P MidCap 400 Pure Growth ETF by 19.7% in the third quarter. Ameritas Advisory Services LLC now owns 53,945 shares of the company’s stock worth $2,748,000 after purchasing an additional 8,874 shares in the last quarter.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of NYSEARCA:RFG traded down $1.49 during trading on Thursday, hitting $54.76. 5,602 shares of the stock were exchanged, compared to its average volume of 10,186. The company has a market capitalization of $302.28 million, a price-to-earnings ratio of 20.52 and a beta of 1.11. Invesco S&P MidCap 400 Pure Growth ETF has a 1-year low of $37.89 and a 1-year high of $59.05. The company’s fifty day simple moving average is $56.52 and its 200-day simple moving average is $53.61.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

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.