Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 13,055 shares, a growth of 189.8% from the April 15th total of 4,505 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 12,281 shares, the short-interest ratio is currently 1.1 days.
Invesco S&P MidCap 400 Pure Growth ETF Stock Performance
Invesco S&P MidCap 400 Pure Growth ETF stock traded down $1.44 during midday trading on Friday, reaching $61.03. 4,865 shares of the stock were exchanged, compared to its average volume of 11,888. The company’s fifty day moving average is $57.87 and its 200-day moving average is $55.51. The firm has a market cap of $342.38 million, a PE ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $46.62 and a 52 week high of $63.41.
Institutional Trading of Invesco S&P MidCap 400 Pure Growth ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 1.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 74,982 shares of the company’s stock worth $3,932,000 after acquiring an additional 1,419 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 18.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 71,973 shares of the company’s stock worth $3,667,000 after acquiring an additional 10,968 shares during the period. UBS Group AG increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 5.5% during the 3rd quarter. UBS Group AG now owns 63,678 shares of the company’s stock worth $3,244,000 after acquiring an additional 3,321 shares during the period. Bank of America Corp DE increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 55,788 shares of the company’s stock worth $2,720,000 after acquiring an additional 537 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 19.7% during the 3rd quarter. Ameritas Advisory Services LLC now owns 53,945 shares of the company’s stock worth $2,748,000 after acquiring an additional 8,874 shares during the period.
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.
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