Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Up 942.0% in August

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 5,658 shares, a growth of 942.0% from the August 15th total of 543 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,011 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Invesco S&P MidCap 400 Pure Growth ETF

A number of hedge funds have recently made changes to their positions in RFG. Evolution Wealth Management Inc. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF in the 1st quarter valued at approximately $27,000. Ballast Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the first quarter worth $36,000. Robinswood Financial LLC bought a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the first quarter worth $42,000. Blair William & Co. IL increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 224.2% in the fourth quarter. Blair William & Co. IL now owns 859 shares of the company’s stock valued at $45,000 after purchasing an additional 594 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock worth $45,000 after purchasing an additional 825 shares during the last quarter.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $0.64 during midday trading on Friday, hitting $60.18. 1,030 shares of the company traded hands, compared to its average volume of 9,519. The firm’s fifty day moving average price is $61.33 and its 200-day moving average price is $60.32. The stock has a market cap of $341.80 million, a price-to-earnings ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $49.50 and a 12 month high of $64.81.

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.