Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Large Drop in Short Interest

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 998 shares, a decline of 37.8% from the August 31st total of 1,604 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,335 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC grew its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 290.7% in the 1st quarter. IMC Chicago LLC now owns 22,786 shares of the company’s stock worth $1,298,000 after buying an additional 34,733 shares during the last quarter. Tempo Wealth LLC purchased a new position in Invesco S&P SmallCap 600 Pure Growth ETF in the fourth quarter worth about $1,008,000. Focus Financial Network Inc. bought a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the second quarter worth approximately $211,000. Harbour Investments Inc. grew its holdings in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 49.0% during the fourth quarter. Harbour Investments Inc. now owns 3,648 shares of the company’s stock valued at $198,000 after buying an additional 1,200 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% during the first quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock valued at $1,416,000 after acquiring an additional 836 shares in the last quarter.

Invesco S&P SmallCap 600 Pure Growth ETF Price Performance

NYSEARCA:RZG traded up $0.83 during midday trading on Friday, reaching $63.37. The stock had a trading volume of 449 shares, compared to its average volume of 8,429. The stock has a market capitalization of $121.03 million, a P/E ratio of 18.78 and a beta of 1.12. Invesco S&P SmallCap 600 Pure Growth ETF has a 1-year low of $50.95 and a 1-year high of $73.24. The firm’s fifty day simple moving average is $67.08 and its 200-day simple moving average is $65.39.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.