Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 61,921 shares, an increase of 112.6% from the June 30th total of 29,121 shares. Based on an average daily trading volume, of 91,704 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.
Invesco S&P 500 GARP ETF Trading Down 0.4%
Shares of NYSEARCA SPGP traded down $0.56 during mid-day trading on Wednesday, reaching $125.34. The company had a trading volume of 236,173 shares, compared to its average volume of 88,241. The firm has a 50 day simple moving average of $121.51 and a two-hundred day simple moving average of $116.69. Invesco S&P 500 GARP ETF has a 52-week low of $103.86 and a 52-week high of $126.66. The stock has a market cap of $2.24 billion, a P/E ratio of 16.90 and a beta of 0.96.
Hedge Funds Weigh In On Invesco S&P 500 GARP ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 GARP ETF by 19.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock valued at $51,184,000 after purchasing an additional 74,711 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Invesco S&P 500 GARP ETF by 115.6% during the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after purchasing an additional 69,709 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco S&P 500 GARP ETF by 915.2% during the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after purchasing an additional 39,392 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth $4,174,000. Finally, Jump Financial LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth $3,907,000.
About Invesco S&P 500 GARP ETF
The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.
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