Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Sees Significant Decline in Short Interest

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 160 shares, a decline of 66.2% from the April 15th total of 473 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 212 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 GARP ETF

A hedge fund recently bought a new stake in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC acquired a new stake in Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,219 shares of the company’s stock, valued at approximately $35,000. Sankala Group LLC owned approximately 1.22% of Invesco S&P SmallCap 600 GARP ETF at the end of the most recent quarter.

Invesco S&P SmallCap 600 GARP ETF Stock Down 1.4%

GRPZ stock traded down $0.42 during trading on Friday, hitting $29.00. The company had a trading volume of 206 shares, compared to its average volume of 208. The firm has a market cap of $2.90 million, a PE ratio of 12.58 and a beta of 0.97. Invesco S&P SmallCap 600 GARP ETF has a 1-year low of $23.76 and a 1-year high of $30.47. The firm has a 50-day moving average price of $28.41 and a 200-day moving average price of $27.84.

About Invesco S&P SmallCap 600 GARP ETF

The Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an exchange-traded fund that is based on the S&P SmallCap 600 GARP index. The fund tracks an index of US small-cap growth stocks that exhibit quality and value characteristics. GRPZ was launched on Mar 27, 2024 and is issued by Invesco.