Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,658 shares, an increase of 942.0% from the August 15th total of 543 shares. Based on an average daily volume of 8,011 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.
Invesco S&P MidCap 400 Pure Growth ETF Stock Up 0.9%
Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $0.56 on Friday, reaching $60.10. The company’s stock had a trading volume of 6,005 shares, compared to its average volume of 9,548. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $49.50 and a 52 week high of $64.81. The firm’s fifty day simple moving average is $61.29 and its two-hundred day simple moving average is $60.31. The company has a market capitalization of $341.37 million, a price-to-earnings ratio of 20.52 and a beta of 1.12.
Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF
Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in Invesco S&P MidCap 400 Pure Growth ETF by 4,516.2% in the 2nd quarter. NewEdge Advisors LLC now owns 30,005 shares of the company’s stock worth $1,936,000 after buying an additional 29,355 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 22.5% during the second quarter. Ameritas Advisory Services LLC now owns 54,494 shares of the company’s stock valued at $3,516,000 after purchasing an additional 10,013 shares during the last quarter. Fortitude Advisory Group L.L.C. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the second quarter valued at approximately $213,000. Ballast Advisors LLC bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at approximately $36,000. Finally, Robinswood Financial LLC purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the first quarter worth approximately $42,000.
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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