Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Significant Increase in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 66,813 shares, a growth of 410.6% from the December 15th total of 13,085 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 82,673 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 82,673 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGP. Tactive Advisors LLC grew its position in Invesco S&P 500 GARP ETF by 7.9% in the 4th quarter. Tactive Advisors LLC now owns 2,254 shares of the company’s stock valued at $257,000 after acquiring an additional 165 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Invesco S&P 500 GARP ETF by 27.9% in the third quarter. Sunbelt Securities Inc. now owns 2,070 shares of the company’s stock valued at $235,000 after purchasing an additional 451 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Invesco S&P 500 GARP ETF by 107.8% in the third quarter. Kestra Private Wealth Services LLC now owns 34,555 shares of the company’s stock valued at $3,926,000 after purchasing an additional 17,926 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 GARP ETF by 1.6% in the third quarter. NewEdge Advisors LLC now owns 37,922 shares of the company’s stock valued at $4,309,000 after purchasing an additional 593 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $532,000.

Invesco S&P 500 GARP ETF Price Performance

Invesco S&P 500 GARP ETF stock opened at $115.33 on Thursday. The firm has a 50 day simple moving average of $113.41 and a 200-day simple moving average of $112.16. The stock has a market cap of $2.44 billion, a price-to-earnings 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 $117.90.

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.