Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Short Interest Down 89.6% in May

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 602 shares, a decrease of 89.6% from the May 14th total of 5,773 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,547 shares, the days-to-cover ratio is currently 0.0 days.

Invesco S&P MidCap 400 GARP ETF Stock Down 0.4%

Invesco S&P MidCap 400 GARP ETF stock traded down $0.48 during mid-day trading on Wednesday, reaching $127.78. 20,339 shares of the company’s stock were exchanged, compared to its average volume of 19,366. The company has a market cap of $494.51 million, a P/E ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $105.54 and a twelve month high of $130.20. The company has a fifty day moving average of $124.74 and a 200-day moving average of $122.42.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

A number of large investors have recently modified their holdings of GRPM. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 507.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock valued at $84,332,000 after purchasing an additional 587,112 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $55,433,000. GW Henssler & Associates Ltd. purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $20,222,000. Bank of America Corp DE grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% in the 1st quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after buying an additional 47,957 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 353.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 33,932 shares of the company’s stock valued at $4,093,000 after buying an additional 26,457 shares during the last quarter.

About Invesco S&P MidCap 400 GARP ETF

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.