Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Stock Short Interest Falls 42.1%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 12,071 shares, a drop of 42.1% from the August 31st total of 20,854 shares. Based on an average trading volume of 68,031 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA:SPGP traded down $0.76 during trading on Wednesday, hitting $118.82. 32,030 shares of the stock were exchanged, compared to its average volume of 88,533. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 1-year low of $103.86 and a 1-year high of $129.64. The company’s fifty day simple moving average is $124.73 and its 200-day simple moving average is $119.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPGP. Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter valued at about $400,000. NewEdge Advisors LLC raised its position in Invesco S&P 500 GARP ETF by 8.5% in the second quarter. NewEdge Advisors LLC now owns 27,790 shares of the company’s stock valued at $3,398,000 after purchasing an additional 2,186 shares during the period. Hudock Inc. raised its position in Invesco S&P 500 GARP ETF by 1.6% in the second quarter. Hudock Inc. now owns 36,350 shares of the company’s stock valued at $4,445,000 after purchasing an additional 582 shares during the period. Allworth Financial LP lifted its stake in shares of Invesco S&P 500 GARP ETF by 7.7% during the second quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock worth $4,598,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Waverly Advisors LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 10.8% during the second quarter. Waverly Advisors LLC now owns 12,503 shares of the company’s stock worth $1,529,000 after purchasing an additional 1,221 shares in the last quarter.

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.