Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 77,577 shares, a growth of 6,076.5% from the August 31st total of 1,256 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average trading volume of 16,783 shares, the days-to-cover ratio is currently 4.6 days.
Invesco S&P MidCap 400 GARP ETF Trading Down 0.7%
Shares of GRPM stock opened at $136.58 on Friday. The firm’s fifty day moving average price is $140.30 and its two-hundred day moving average price is $130.46. Invesco S&P MidCap 400 GARP ETF has a 1 year low of $112.44 and a 1 year high of $146.45. The firm has a market capitalization of $495.79 million, a P/E ratio of 13.88 and a beta of 1.01.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GRPM. GW Henssler & Associates Ltd. acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $20,222,000. BNB Wealth Management LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth about $556,000. Asset Allocation Strategies LLC boosted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 50.0% in the fourth quarter. Asset Allocation Strategies LLC now owns 28,304 shares of the company’s stock valued at $3,397,000 after buying an additional 9,433 shares during the period. Bank of America Corp DE grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% during the 1st quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock worth $17,044,000 after purchasing an additional 47,957 shares in the last quarter. Finally, Fortune Financial Group Inc. acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth about $504,000.
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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