Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 15,024 shares, a growth of 135.1% from the May 31st total of 6,390 shares. Based on an average trading volume of 7,338 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the shares of the stock are sold short.
Invesco S&P MidCap 400 Pure Growth ETF Stock Performance
Shares of NYSEARCA:RFG traded down $0.56 during trading on Wednesday, reaching $63.97. The stock had a trading volume of 4,384 shares, compared to its average volume of 10,699. Invesco S&P MidCap 400 Pure Growth ETF has a 1-year low of $48.79 and a 1-year high of $64.81. The stock has a market cap of $358.87 million, a PE ratio of 20.52 and a beta of 1.12. The business has a fifty day moving average price of $62.15 and a 200-day moving average price of $58.04.
Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF
A number of large investors have recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 74,982 shares of the company’s stock worth $3,932,000 after buying an additional 1,419 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 18.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 71,973 shares of the company’s stock valued at $3,667,000 after acquiring an additional 10,968 shares during the last quarter. UBS Group AG raised its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 5.5% in the 3rd quarter. UBS Group AG now owns 63,678 shares of the company’s stock valued at $3,244,000 after acquiring an additional 3,321 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 537 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the third quarter valued at approximately $1,563,000.
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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