Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Decreases By 34.9%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 13,085 shares, a decline of 34.9% from the November 30th total of 20,111 shares. Based on an average daily trading volume, of 81,672 shares, the short-interest ratio is currently 0.2 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 daily trading volume, of 81,672 shares, the short-interest ratio is currently 0.2 days.

Invesco S&P 500 GARP ETF Price Performance

NYSEARCA:SPGP opened at $115.56 on Friday. The firm has a 50-day moving average of $112.72 and a two-hundred day moving average of $111.16. The stock has a market cap of $2.66 billion, a P/E ratio of 16.90 and a beta of 1.00. Invesco S&P 500 GARP ETF has a 1-year low of $84.13 and a 1-year high of $116.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPGP. Modern Wealth Management LLC increased its holdings in Invesco S&P 500 GARP ETF by 644.9% during the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock worth $27,668,000 after purchasing an additional 210,823 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth approximately $19,560,000. BNP Paribas Financial Markets increased its stake in shares of Invesco S&P 500 GARP ETF by 115.6% in the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after buying an additional 69,709 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco S&P 500 GARP ETF by 915.2% in the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after buying an additional 39,392 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at $4,174,000.

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.