Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Shares Shorted: Short Interest Up 273.4% in October

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,021 shares, a growth of 273.4% from the September 30th total of 809 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 8,169 shares, the short-interest ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RFG. Integrity Alliance LLC. purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the third quarter valued at approximately $938,000. Greenleaf Trust purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 3rd quarter worth approximately $235,000. Oppenheimer & Co. Inc. purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the third quarter worth about $386,000. Segment Wealth Management LLC purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth about $286,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF in the third quarter worth approximately $324,000.

Invesco S&P MidCap 400 Pure Growth ETF Trading Down 1.8%

Shares of RFG traded down $1.02 during trading hours on Friday, hitting $56.95. The company had a trading volume of 2,070 shares, compared to its average volume of 9,515. The company has a market capitalization of $316.09 million, a PE ratio of 20.52 and a beta of 1.13. Invesco S&P MidCap 400 Pure Growth ETF has a one year low of $49.50 and a one year high of $64.81. The company’s fifty day moving average price is $59.47 and its two-hundred day moving average price is $59.50.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index.