Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Significant Growth in Short Interest

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,579 shares, an increase of 196.8% from the May 14th total of 1,206 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,380 shares, the days-to-cover ratio is currently 1.5 days.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Performance

RZG opened at $67.18 on Friday. The firm has a market cap of $127.64 million, a P/E ratio of 18.78 and a beta of 1.15. The firm has a 50-day moving average of $63.05 and a 200 day moving average of $59.04. Invesco S&P SmallCap 600 Pure Growth ETF has a fifty-two week low of $48.39 and a fifty-two week high of $67.21.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 106,120 shares of the company’s stock worth $5,771,000 after purchasing an additional 1,785 shares during the period. Horizon Family Wealth Inc. boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 215.2% during the fourth quarter. Horizon Family Wealth Inc. now owns 72,604 shares of the company’s stock worth $3,948,000 after purchasing an additional 49,568 shares during the period. AQR Capital Management LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 72.8% during the first quarter. AQR Capital Management LLC now owns 34,577 shares of the company’s stock worth $1,617,000 after purchasing an additional 14,569 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock worth $1,416,000 after purchasing an additional 836 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 1.9% during the fourth quarter. Osaic Holdings Inc. now owns 23,891 shares of the company’s stock worth $1,299,000 after purchasing an additional 434 shares during the period.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.