Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Drops By 64.0%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 13,400 shares, a drop of 64.0% from the August 15th total of 37,200 shares. Based on an average trading volume of 148,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 148,300 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P 500 GARP ETF Price Performance

Shares of NYSEARCA:SPGP opened at $112.84 on Friday. The company has a market capitalization of $2.84 billion, a PE ratio of 16.90 and a beta of 1.11. The business has a fifty day moving average price of $110.44 and a 200-day moving average price of $103.74. Invesco S&P 500 GARP ETF has a 1-year low of $84.13 and a 1-year high of $114.08.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at $915,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P 500 GARP ETF by 4.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 142,009 shares of the company’s stock valued at $14,184,000 after buying an additional 6,657 shares during the last quarter. US Bancorp DE boosted its position in shares of Invesco S&P 500 GARP ETF by 31.7% during the first quarter. US Bancorp DE now owns 5,182 shares of the company’s stock valued at $518,000 after buying an additional 1,248 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 GARP ETF by 12.7% during the first quarter. EP Wealth Advisors LLC now owns 2,211 shares of the company’s stock valued at $221,000 after buying an additional 249 shares during the last quarter. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at $7,830,000.

Invesco S&P 500 GARP ETF Company Profile

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.