Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,119 shares, a growth of 750.3% from the May 31st total of 602 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,785 shares, the days-to-cover ratio is currently 0.7 days.
Invesco S&P MidCap 400 GARP ETF Trading Down 0.3%
Shares of NYSEARCA GRPM opened at $127.27 on Friday. The stock has a market cap of $492.53 million, a PE ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $107.28 and a 12-month high of $131.28. The company has a 50-day moving average of $126.59 and a 200 day moving average of $123.18.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GRPM. Sankala Group LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at approximately $46,000. Root Financial Partners LLC grew its holdings in Invesco S&P MidCap 400 GARP ETF by 321.3% in the 4th quarter. Root Financial Partners LLC now owns 691 shares of the company’s stock valued at $83,000 after buying an additional 527 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $85,000. Rockefeller Capital Management L.P. increased its stake in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after acquiring an additional 151 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 2nd quarter worth $201,000.
Invesco S&P MidCap 400 GARP ETF Company Profile
The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.
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