Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Increases By 209.6%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 36,123 shares, a growth of 209.6% from the April 15th total of 11,666 shares. Based on an average daily trading volume, of 63,999 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Invesco S&P 500 GARP ETF Stock Performance

Shares of Invesco S&P 500 GARP ETF stock traded down $1.07 on Friday, reaching $115.97. The stock had a trading volume of 53,069 shares, compared to its average volume of 95,939. The business’s 50-day moving average price is $112.64 and its two-hundred day moving average price is $113.65. Invesco S&P 500 GARP ETF has a fifty-two week low of $99.49 and a fifty-two week high of $119.36. The stock has a market cap of $2.19 billion, a P/E ratio of 16.90 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

A number of hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in Invesco S&P 500 GARP ETF by 44.0% during the first quarter. Quantinno Capital Management LP now owns 14,196 shares of the company’s stock valued at $1,528,000 after acquiring an additional 4,340 shares during the period. Waverly Advisors LLC boosted its holdings in Invesco S&P 500 GARP ETF by 1.3% during the first quarter. Waverly Advisors LLC now owns 11,282 shares of the company’s stock valued at $1,214,000 after acquiring an additional 147 shares during the period. GC Wealth Management RIA LLC boosted its holdings in Invesco S&P 500 GARP ETF by 1.9% during the first quarter. GC Wealth Management RIA LLC now owns 28,702 shares of the company’s stock valued at $3,089,000 after acquiring an additional 539 shares during the period. Lido Advisors LLC bought a new stake in Invesco S&P 500 GARP ETF during the first quarter valued at about $453,000. Finally, D.A. Davidson & CO. boosted its holdings in Invesco S&P 500 GARP ETF by 4.4% during the first quarter. D.A. Davidson & CO. now owns 49,097 shares of the company’s stock valued at $5,284,000 after acquiring an additional 2,088 shares during the period.

About Invesco S&P 500 GARP ETF

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.