Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 3,579 shares, an increase of 196.8% from the May 14th total of 1,206 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,380 shares, the short-interest ratio is currently 1.5 days.
Invesco S&P SmallCap 600 Pure Growth ETF Stock Performance
NYSEARCA RZG traded up $0.59 on Friday, reaching $67.77. 2,025 shares of the stock traded hands, compared to its average volume of 5,590. The company has a fifty day moving average price of $63.25 and a 200-day moving average price of $59.10. The company has a market cap of $128.76 million, a price-to-earnings ratio of 18.78 and a beta of 1.15. Invesco S&P SmallCap 600 Pure Growth ETF has a 12 month low of $48.39 and a 12 month high of $68.20.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in RZG. Horizon Family Wealth Inc. increased its holdings in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 215.2% in the 4th quarter. Horizon Family Wealth Inc. now owns 72,604 shares of the company’s stock valued at $3,948,000 after acquiring an additional 49,568 shares during the period. IMC Chicago LLC increased its holdings 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 valued at $1,298,000 after acquiring an additional 34,733 shares during the period. Global View Capital Management LLC purchased a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the 4th quarter valued at $1,085,000. Tempo Wealth LLC purchased a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the 4th quarter valued at $1,008,000. Finally, AQR Capital Management LLC increased its holdings in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 72.8% in the 1st quarter. AQR Capital Management LLC now owns 34,577 shares of the company’s stock valued at $1,617,000 after acquiring an additional 14,569 shares during the period.
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.
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