Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 6,517 shares, a growth of 100.9% from the September 30th total of 3,244 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,042 shares, the days-to-cover ratio is currently 0.7 days.

Invesco S&P MidCap 400 GARP ETF Trading Down 0.2%

Shares of Invesco S&P MidCap 400 GARP ETF stock traded down $0.28 on Friday, reaching $144.72. 6,853 shares of the company were exchanged, compared to its average volume of 17,152. Invesco S&P MidCap 400 GARP ETF has a one year low of $112.44 and a one year high of $146.45. The company has a market capitalization of $615.06 million, a price-to-earnings ratio of 13.88 and a beta of 1.03. The company has a 50-day moving average of $141.06 and a 200 day moving average of $130.32.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

A number of institutional investors have recently added to or reduced their stakes in GRPM. Bank of America Corp DE grew its holdings in Invesco S&P MidCap 400 GARP ETF by 49.9% during the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock worth $17,044,000 after purchasing an additional 47,957 shares during the period. Cetera Investment Advisers increased its position in Invesco S&P MidCap 400 GARP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 75,046 shares of the company’s stock worth $8,873,000 after buying an additional 1,715 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 1.0% during the third quarter. Axxcess Wealth Management LLC now owns 41,610 shares of the company’s stock worth $5,637,000 after buying an additional 411 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Invesco S&P MidCap 400 GARP ETF by 0.6% in the second quarter. Integrated Wealth Concepts LLC now owns 27,185 shares of the company’s stock valued at $3,539,000 after buying an additional 157 shares during the period. Finally, Asset Allocation Strategies LLC raised its stake in Invesco S&P MidCap 400 GARP ETF by 3.5% in the second quarter. Asset Allocation Strategies LLC now owns 18,696 shares of the company’s stock valued at $2,434,000 after buying an additional 624 shares during the period.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.