Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,854 shares, a decline of 86.9% from the August 15th total of 158,927 shares. Based on an average daily trading volume, of 65,335 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SPGP. Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter valued at approximately $400,000. NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 GARP ETF by 8.5% during the 2nd quarter. NewEdge Advisors LLC now owns 27,790 shares of the company’s stock valued at $3,398,000 after buying an additional 2,186 shares in the last quarter. Hudock Inc. boosted its holdings in shares of Invesco S&P 500 GARP ETF by 1.6% in the 2nd quarter. Hudock Inc. now owns 36,350 shares of the company’s stock worth $4,445,000 after purchasing an additional 582 shares during the period. Allworth Financial LP boosted its stake in Invesco S&P 500 GARP ETF by 7.7% during the second quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock worth $4,598,000 after buying an additional 2,680 shares during the period. Finally, Waverly Advisors LLC grew its holdings in Invesco S&P 500 GARP ETF by 10.8% during the 2nd quarter. Waverly Advisors LLC now owns 12,503 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,221 shares during the last quarter.
Invesco S&P 500 GARP ETF Price Performance
Invesco S&P 500 GARP ETF stock traded up $1.22 during midday trading on Friday, reaching $122.61. 44,639 shares of the company traded hands, compared to its average volume of 86,839. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $129.64. The business has a 50 day moving average of $125.36 and a two-hundred day moving average of $119.04.
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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