Short Interest in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Decreases By 60.1%

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPMGet Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,256 shares, a drop of 60.1% from the August 15th total of 3,148 shares. Based on an average daily volume of 5,124 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Invesco S&P MidCap 400 GARP ETF

A number of hedge funds have recently made changes to their positions in GRPM. GW Henssler & Associates Ltd. acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at $20,222,000. HighTower Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at about $55,433,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 507.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock worth $84,332,000 after buying an additional 587,112 shares during the last quarter. BNB Wealth Management LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth about $556,000. Finally, Asset Allocation Strategies LLC boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 50.0% during the 4th quarter. Asset Allocation Strategies LLC now owns 28,304 shares of the company’s stock worth $3,397,000 after buying an additional 9,433 shares during the period.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Invesco S&P MidCap 400 GARP ETF stock traded up $1.14 during midday trading on Monday, reaching $141.49. 81,365 shares of the company’s stock were exchanged, compared to its average volume of 15,396. Invesco S&P MidCap 400 GARP ETF has a 52 week low of $112.44 and a 52 week high of $146.45. The firm has a market cap of $502.29 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. The stock’s 50-day simple moving average is $139.08 and its 200 day simple moving average is $129.37.

About Invesco S&P MidCap 400 GARP ETF

(Get Free Report)

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.

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