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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 61,921 shares, an increase of 112.6% from the June 30th total of 29,121 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 91,704 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco S&P 500 GARP ETF

Several institutional investors have recently bought and sold shares of SPGP. Wealthcare Advisory Partners LLC raised its holdings in Invesco S&P 500 GARP ETF by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,434 shares of the company’s stock worth $2,743,000 after acquiring an additional 427 shares during the last quarter. Puff Wealth Management LLC bought a new stake in Invesco S&P 500 GARP ETF during the second quarter valued at approximately $345,000. Clark Asset Management LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 6.4% in the 2nd quarter. Clark Asset Management LLC now owns 4,259 shares of the company’s stock worth $521,000 after purchasing an additional 256 shares in the last quarter. Longview Financial Advisors Inc. increased its position in Invesco S&P 500 GARP ETF by 3.5% in the second quarter. Longview Financial Advisors Inc. now owns 113,518 shares of the company’s stock worth $13,882,000 after buying an additional 3,818 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 1st quarter worth approximately $127,000.

Invesco S&P 500 GARP ETF Stock Up 1.9%

Shares of Invesco S&P 500 GARP ETF stock traded up $2.34 during trading on Tuesday, reaching $125.90. 129,402 shares of the stock were exchanged, compared to its average volume of 87,199. The stock’s fifty day moving average is $121.14 and its 200 day moving average is $116.57. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a 1 year low of $103.86 and a 1 year high of $126.00.

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.